8585293, 61G7-5.005 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 8585293

Notice of Proposed Rule

Department:

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

Division:

Board of Employee Leasing Companies

Chapter:

APPLICATION PROCEDURE

Overview

RULE:

61G7-5.005

Deficiency in Tangible Accounting and Accounting Net Worth; Guaranty Form Acceptable to Board; Sufficient Evidence of Guarantor's Adequate Resources

PURPOSE:

To amend Rule 61G7-5.005, F.A.C., and Form DBPR EL 4505 to make the guarantor financially responsible until the deficiency has been corrected or until a new guarantor has filed an acceptable guaranty with the Board to replace the original guaranty.

SUMMARY:

The rule amendment make the guarantor financially responsible until the new guarantor has filed an acceptable guaranty replace the original one.

RULEMAKING AUTHORITY:

468.522, 468.525(3)(d) FS.

LAW:

468.525(3) FS.

PRINT PUBLISH DATE:

4/30/2010 Vol. 36/17

COMMENTS:

From 4/30/2010 To 5/21/2010 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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