SALES FINANCE AGENCY-VARIOUS

Summary

The bill revises the Sales Finance Agency Act to require agencies to apply for a license using a standardized form, display the license under the agency’s real name, and pay all fees into the Financial Institution Fund. It also gives the Secretary of Financial and Professional Regulation stronger investigative powers, higher civil penalties, and the ability to use a nationwide licensing system. These changes aim to increase transparency and consumer protection in retail financing.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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