10882059, 69U-150.730 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 10882059

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

FSC - Financial Institution Regulation

Chapter:

SAVINGS ASSOCIATIONS

Overview

RULE:

69U-150.730

Association Assessments (Repealed)

PURPOSE:

The proposed rule amendments will repeal the rule. The Office has identified the rule as unnecessary as the result of the comprehensive rule review that it undertook pursuant to Sections 120.74 and 120.745, F.S. The rule applies to assessments for capital stock associations chartered under Chapter 665, F.S. There are no Florida-chartered capital stock associations operating in the state and there has not been any in recent times. In effect, this type of charter has been replaced by the provisions of Chapter 667, F.S., which governs the chartering of state-chartered savings banks.

SUMMARY:

The proposed rule amendments will repeal the rule. The Office has identified the rule as unnecessary as the result of the comprehensive rule review that it undertook pursuant to Sections 120.74 and 120.745, F.S. The rule applies to assessments for capital stock associations chartered under Chapter 665, F.S. There are no Florida-chartered capital stock associations operating in the state and there has not been any in recent times. In effect, this type of charter has been replaced by the provisions of Chapter 667, F.S., which governs the chartering of state-chartered savings banks.

RULEMAKING AUTHORITY:

120.53, 655.012 FS.

LAW:

655.013(34), 655.047, 658.73 FS.

PRINT PUBLISH DATE:

5/4/2012 Vol. 38/18

COMMENTS:

From 5/4/2012 To 5/25/2012 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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