9169136, 69V-60.003 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 9169136

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Finance

Chapter:

RETAIL INSTALLMENT SALES

Overview

RULE:

69V-60.003	Excessive Charges, Correction
69V-60.080	Computations of Interest for Simple Interest Retail Installment Contracts
69V-60.090	Application of Payments for Retail Installment Contracts

PURPOSE:

Rule 69V-60.003, F.A.C., which relates to excessive charges, is clarified to apply to retail installment sellers. Rule 69V-60.080, F.A.C., is created to provide guidance regarding computations of interest for simple interest retail installment contracts. Rule 69V-60.090, F.A.C., is created to provide guidance regarding the method of applying payments for retail installment contracts.

SUBJECT:

Retail Installment Sales.

RULEMAKING AUTHORITY:

520.994(5) FS.

LAW:

520.34, 520.345 FS.

PRINT PUBLISH DATE:

9/24/2010 Vol. 36/38

RELATED STATUTES
AND LAWS:

520.994(5) FS., 520.34, 520.345 FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://www.flrules.org/gateway/ruleno.asp?id=69V-60.003&PDate=9/24/2010&Section=1

REFERENCE MATERIALS:

No reference(s).

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