Regulated Entities by Division | |
Division of Consumer Finance | Number |
Money services businesses branches and authorized vendors | 47,127 |
Loan originators | 37,442 |
Motor vehicle retail installment sellers and branches | 5,838 |
Retail installment retailers and branches | 4,838 |
Consumer collection agencies | 1,218 |
Mortgage lenders and branches | 5,806 |
Mortgage brokers and branches | 2,652 |
Check cashers | 482 |
Sales finance companies and branches | 831 |
Consumer finance companies | 383 |
Money transmitters | 225 |
Commercial collection agencies | 180 |
Deferred presentment providers | 86 |
Home improvement finance sellers and branches | 360 |
Payment instrument issuers | 77 |
Foreign currency exchangers | 92 |
Title loan lenders | 6 |
Division of Financial Institutions | |
State-chartered commercial banks | 69 |
State-chartered credit unions | 66 |
State-licensed international bank offices | 21 |
State-chartered non-deposit trust companies | 14 |
Family trust companies | 16 |
Qualified Limited Services Affiliates | 10 |
Division of Securities | |
Dealer/investment adviser branches | 10,812 |
Investment advisers | 6,762 |
Dealers | 2,437 |
Individuals authorized to conduct business on behalf of these entities | 336,168 |
Fund | Dollars | Positions | |
---|---|---|---|
OFFICE OF FINANCIAL REGULATION | |||
EXECUTIVE DIRECTION AND SUPPORT SERVICES |
6,406,444
|
18.00 |
|
FINANCE REGULATION |
12,421,909
|
100.00 |
|
FINANCIAL INVESTIGATIONS |
3,988,929
|
45.00 |
|
SAFETY AND SOUNDNESS OF STATE BANKING SYSTEM |
11,884,063
|
99.00 |
|
SECURITIES REGULATION |
8,321,373
|
92.00 |
|
TOTAL |
43,022,718 |
354.00 |
Financial Technology Sandbox. The 2020 Legislature enacted Ch. 2020-161, Laws of Florida,which creates the Financial Technology Sandbox within the Office of Financial Regulation to allow financial technology innovators to test new products and services in a supervised, flexible regulatory sandbox using exceptions to specified general law and waivers of the corresponding rule requirements under defined conditions. The sandbox allows a licensee to make an innovative financial product or service available to consumers during a period that is initially 24 months but which can be extended one time for an additional 12 months. A financial product or service is a product or service related to a consumer finance loan, money transmitter, or payment instrument seller, including mediums of exchange that are in electronic or digital form, which is subject to the general laws enumerated in the bill and corresponding rule requirements.
The 2020 Legislature also enacted Ch. 2020-162, Laws of Florida,to create a public records exemption for certain sensitive business information relating to the Financial Technology Sandbox. Specifically, the law makes confidential and exempt from public disclosure the following records.
Office of Financial Regulation, 850-487-9687
Division of Consumer Finance, option 1
Division of Securities, option 2
Division of Financial Institutions, option 3