Consumer Finance Loans

Consumer Finance Loans; Authorizes applicant for license to make & collect loans under Florida Consumer Finance Act to provide bond, certificate of deposit, or letter of credit in lieu of liquid assets; provides requirements for such bonds, certificates of deposit, & letters of credit; revises references to implementing regulations of federal Truth in Lending Act; prohibits person licensed to make & collect consumer finance loans from charging prepayment penalties for loans; amends grounds for denial of license or disciplinary action; provides requirements for loan terms; revises exceptions for licensee during Financial Technology Sandbox period.