Florida Administrative Code

Rulemaking Authority 627.351(4) FS. Law Implemented 627.351(4)(d) FS. History-New 7-17-80, Formerly 4-50.02, 4-50.002, 4J-1.012, Repealed 7-3-22.

Rulemaking Authority 627.351(4) FS. Law Implemented 627.351(4)(d) FS. History-New 7-17-80, Formerly 4-50.03, 4-50.003, 4J-1.013, Repealed 7-3-22.

Rulemaking Authority 627.351(4) FS. Law Implemented 627.351(4)(d) FS. History-New 7-17-80, Formerly 4-50.04, 4-50.004, 4J-1.014, Repealed 7-3-22.

Rulemaking Authority 627.351(4) FS. Law Implemented 627.351(4)(d) FS. History-New 7-17-80, Formerly 4-50.05, 4-50.005, 4J-1.015, Repealed 7-3-22.

Rulemaking Authority 627.351(4) FS. Law Implemented 627.351(4)(d) FS. History-New 7-17-80, Formerly 4-50.06, 4-50.006, 4J-1.016, Repealed 7-3-22.

Rulemaking Authority 627.351(4) FS. Law Implemented 627.351(4)(d) FS. History-New 7-17-80, Formerly 4-50.07, 4-50.007, 4J-1.017, Repealed 7-3-22.

Rulemaking Authority 627.351(4) FS. Law Implemented 627.351(4)(d) FS. History-New 7-17-80, Formerly 4-50.08, 4-50.008, 4J-1.018, Repealed 7-3-22.

Rulemaking Authority 627.351(4) FS. Law Implemented 627.351(4)(d) FS. History-New 7-17-80, Formerly 4-50.09, 4-50.009, 4J-1.019, Repealed 7-3-22.

Rulemaking Authority 624.308(1), 627.351(5) FS. Law Implemented 624.307(1), 627.351(5) FS. History-New 8-13-89, Formerly 4-87.001, 4J-2.001, Amended 11-21-06, Repealed 10-1-08.

Rulemaking Authority 624.308(1), 627.351(5) FS. Law Implemented 624.307(1), 627.351(5) FS. History-New 8-13-89, Amended 8-18-91, Formerly 4-87.002, Amended 10-9-94, 5-26-96, Formerly 4J-2.002, Amended 11-21-06, Repealed 10-1-08.

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.914(4), 626.916, 626.924, 626.930 FS. History-New 3-10-92, Formerly 4-11.003, 4J-5.002, Repealed 4-18-17.

Rulemaking Authority 624.308, 626.916(2) FS. Law Implemented 624.307(1), 626.913(2), 626.916(1)(a), 626.930(1) FS. History-New 10-1-91, Formerly 4-11.005, Amended 8-28-94, Formerly 4J-5.003, Repealed 4-18-17.

Rulemaking Authority 624.308(1) FS. Law Implemented 624.307(1), 626.914(4), 626.916(1), 626.929(1), 626.931 FS. History-New 5-15-90, Amended 4-1-91, Formerly 4-11.006, 4J-5.004, Repealed 4-18-17.

Rulemaking Authority 624.308(1) FS. Law Implemented 624.307(1), 626.938, 627.944(3), 627.949(1) FS. History-New 5-15-90, Formerly 4-11.007, 4J-5.005, Repealed 4-18-17.

Rulemaking Authority 624.308(1) FS. Law Implemented 624.307(1), 626.916, 626.931 FS. History-New 6-12-94, Formerly 4J-5.006, Repealed 4-18-17.

Rulemaking Authority 626.918(2)(d)4. FS. Law Implemented 626.918 FS. History-New 4-26-98, Formerly 4J-5.008, Repealed 4-18-17.

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.621(7), 626.914, 626.915, 626.916, 627.736(1) FS. History-New 7-6-94, Formerly 4-176.012, 4J-5.012, Repealed 4-18-17.

(1) The following organizational units are established in the Office of Financial Regulation: (a) Office of Inspector General; (b) Office of General Counsel; (c) Division of Financial Institutions, which shall include the following bureaus: 1. Bureau of Bank Regulation, 2. Bureau…

Rulemaking Authority 494.0011(2), 516.23(3), 517.03(1), 520.994(5), 537.016(3), 560.105(2), 655.012(2) FS. Law Implemented 120.53 FS. History-New 10-26-92, Formerly 3-8.001, Amended 5-15-07, Repealed 2-15-23.

Rulemaking Authority 288.99(14)(b), 494.0011(2), 516.23(3), 517.03(1), 520.994(5), 537.016(3), 560.105(2), 655.012(2) FS. Law Implemented 120.53 FS. History-New 10-26-92, Formerly 3-8.002, Amended 5-15-07, Repealed 7-30-12.

Rulemaking Authority 120.533(1)(f) FS. Law Implemented 119.07, 120.53(2)-(4) FS. History-New 10-26-92, Formerly 3-8.003, Repealed 5-15-07.

Rulemaking Authority 494.0011(2), 516.23(3), 517.03(1), 520.994(5), 537.016(3), 560.105(2), 655.012(2) FS. Law Implemented 120.53 FS. History-New 10-26-92, Formerly 3-8.004, Amended 5-15-07, Repealed 2-15-23.

Rulemaking Authority 120.533(1)(f) FS. Law Implemented 120.53(2)-(4) FS. History-New 10-26-92, Formerly 3-8.005, Repealed 5-15-07.

Rulemaking Authority 494.0011(2), 516.23(3), 517.03(1), 520.994(5), 537.016(3), 560.105(2), 655.012(2) FS. Law Implemented 120.53 FS. History-New 10-26-92, Formerly 3-8.006, Amended 5-15-07, Repealed 2-15-23.

Rulemaking Authority 494.0011(2), 516.23(3), 517.03(1), 520.994(5), 537.016(3), 560.105(2), 655.012(2) FS. Law Implemented 288.99(14)(b), 494.0011(2), 516.23(3), 520.994(5), 537.016(3), 655.012(2) FS. History-New 10-26-92, Formerly 3-8.007, Amended 5-15-07, Repealed 2-15-23.

Rulemaking Authority 494.0011(2), 516.23(3), 517.03(1), 520.994(5), 537.016(3), 560.105(2), 655.012(2) FS. Law Implemented 120.53 FS. History-New 10-26-92, Formerly 3-8.008, Amended 5-15-07, Repealed 2-15-23.

Rulemaking Authority 494.0011(2), 516.23(3), 517.03(1), 520.994(5), 537.016(3), 560.105(2), 655.012(2) FS. Law Implemented 120.53 FS. History-New 10-26-92, Formerly 3-8.009, Amended 5-15-07, Repealed 2-15-23.

Rulemaking Authority 120.53(1)(a), 655.012(3) FS. Law Implemented 655.071 FS. History-New 1-24-82, Formerly 3C-17.01, 3C-17.001, 3C-100.002, Repealed 1-18-21.

For purposes of Rule 69U-100.004, F.A.C., the following definitions apply: (1) "International banking facility deposit," or "IBF time deposit," means a deposit, placement, borrowing or similar obligation represented by a promissory note, acknowledgement of advance, or similar ins…

(1) At least 14 days prior to establishing an International Banking Facility, a state chartered or state licensed banking organization shall notify the Office of Financial Regulation (OFR) of its intent. (2) Such notification shall include a statement of intention by the banking …

(1) Requirement to Report Currency Transactions: (a) Every financial institution shall file a report with the Office of Financial Regulation (OFR) of each financial transaction occuring in the state known to the financial institution which involves currency or other monetary inst…

(1) Section 655.0385, F.S., requires state financial institutions to notify OFR of the proposed appointment of any individual to the board of directors or the employment of any individual as an executive officer, or equivalent position, 60 days before such appointment or employme…

The OFR uses the examination manuals referenced by this rule in the implementation of its examination responsibilities. The OFR examiners use these manuals as reference guidelines when conducting safety and soundness examinations of financial institutions. The material incorporat…

(1) In making a determination to assess any costs pursuant to Section 655.045(1)(c), F.S., OFR must consider the size and condition of the financial institution, the gravity of the violation, the prior conduct of the person(s) and institution involved, the time elapsed between th…

This rule contains information concerning requests for access to public records regarding failed state financial institutions. (1) As used in this rule, the following definitions shall apply: (a) "Examination reports" means a Report of Examination conducted and prepared by OFR, p…

Investments by a state-chartered bank, association, savings bank or international agency in subsidiary corporations that do not conduct active operations directly with the public and that only hold assets the institution may acquire or invest in directly, except for other subsidi…

Any financial institution that accepts gold coin or silver coin deposits or otherwise holds such coin on behalf of its customers, members, or the public pursuant to s. 655.97(4), F.S., must: (1) Notify the office in writing at least 30 days in advance of its intent to engage in t…

(1) Financial institutions may offer debt cancellation products, and charge fees for such products, in connection with the loans, leases, and similar extensions of credit made by the financial institutions, pursuant to sections 655.947 and 655.954, F.S., and the rules and orders …

For the purposes of Rules 69U-100.100 through 69U-100.106, F.A.C., the following definitions apply: (1) "Actuarial method" means the system of allocating payments made on a debt between the amount financed and the finance charge pursuant to which a payment is applied first to the…

(1) A financial institution may not extend credit nor alter the terms or conditions of an extension of credit conditioned upon the customer entering into a debt cancellation product with the financial institution. (2) A financial institution may not engage in any practice or use …

(1) If a debt cancellation product is terminated (including, for example, when the customer prepays the covered loan), the financial institution shall refund to the customer any unearned fees paid for the debt cancellation product unless the debt cancellation product provides oth…

Except as provided in paragraph 69U-100.102(3)(b), F.A.C., a financial institution may offer a customer the option of paying the fee for a debt cancellation product in a single fee, provided the financial institution also offers the customer a bona fide option of paying the fee f…

(1) The short form of disclosures required by these rules must include the information described in Form OFR-U-XX, "Debt Cancellation Products - Short Form Disclosures," effective 12-2-08, which is hereby incorporated by reference, that is appropriate to the product offered. Shor…

(1) Before entering into a debt cancellation product, the financial institution must obtain a customer's written affirmative election to purchase a debt cancellation product and written acknowledgment of receipt of the disclosures required by subsection 69U-100.105(2), F.A.C. The…

(1) Each financial institution, as defined in s. 655.005, Florida Statutes, must attest, under penalty of perjury, whether the entity is acting in compliance with Section 655.0323(1) and (2), F.S. Such institutions shall attest by completing and submitting Form OFR-U-323, Attesta…

(1) If a customer or member of a financial institution suspects that such financial institution has acted in violation of s. 655.0323(2), Florida Statutes, the customer or member may file a complaint with the Office by completing and submitting to the Office Form OFR-U-3231, Comp…

(1) The board of directors of each state financial institution shall adopt appraisal standards and policies. Such standards and policies shall be reviewed and approved annually by the board of directors and such approval shall be recorded in the minutes of the meetings of the boa…