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Exemption from Regulation for Bona Fide Nonprofit Organizations

It became law on Apr 29, 2024.

FL HB 1569 · House Bill · 2024

Stage
Became law
Started in
House
Sponsors
3
Latest action
Apr 29, 2024

What it does

Exemption from Regulation for Bona Fide Nonprofit Organizations; Authorizes FSC to adopt rules prescribing criteria & processes for determining whether organization is bona fide nonprofit organization for specified purpose; provides exemptions from certain regulation for bona fide nonprofit organizations & certain employees of bona fide nonprofit organization that meet specified criteria; requires Office of Financial Regulation to make specified determination; requires office to make such determination based on terms consistent with loan origination in public or charitable context; requires office to periodically examine books & activities of organization & to revoke its status as bona fide…

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Apr 29, 2024

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Where it goes next

Once a bill is decided, the questions are about what is done with it in Florida.

Work with this bill

Exemption from Regulation for Bona Fide Nonprofit Organizations | 52