Florida Statutes 516.38 – Annual reports by licensees
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(1) By March 15, 2025, and each March 15 thereafter, a licensee shall file a report with the office in a form and manner prescribed by commission rule. The report must include each of the items specified in subsection (2) for the preceding calendar year using aggregated and anonymized data and without reference to any borrower‘s nonpublic personal information.
(2) The report must include the following information for the preceding calendar year:
(a) The number of locations held by the licensee under this chapter as of December 31 of the preceding calendar year.
Terms Used In Florida Statutes 516.38
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- borrower: means a person who has incurred either direct or contingent liability to repay a consumer finance loan. See Florida Statutes 516.01
- Commission: means the Financial Services Commission. See Florida Statutes 516.01
- Interest: means the cost of obtaining a consumer finance loan and includes any profit or advantage of any kind whatsoever that a lender may charge, contract for, collect, receive, or in anywise obtain, including by means of any collateral sale, purchase, or agreement, as a condition for a consumer finance loan. See Florida Statutes 516.01
- Licensee: means a person to whom a license is issued. See Florida Statutes 516.01
- Office: means the Office of Financial Regulation of the commission. See Florida Statutes 516.01
(b) The number of loan originations by the licensee from all licenses held under this chapter during the preceding calendar year.
(c) The total dollar amount of loans and the number of loans outstanding with the licensee from all licenses held under this chapter as of December 31 of the preceding calendar year.
(d) The total dollar amount of loans and the number of loans in which the licensee holds a security interest in collateral as of December 31 of the preceding calendar year.
(e) The total dollar amount of loans and the number of unsecured loans as of December 31 of the preceding calendar year.
(f) The total number of loans, separated by principal amount, in the following ranges as of December 31 of the preceding calendar year:
1. Up to and including $5,000.
2. 1From $5,001 to $10,000.
3. 1From $10,001 to $15,000.
4. 1From $15,001 to $20,000.
5. 1From $20,001 to $25,000.
(g) The total dollar amount of loans and the number of loans charged off as of December 31 of the preceding calendar year.
(h) The total dollar amount of loans and the number of loans with delinquency status listed as:
1. Current or less than 30 days past due.
2. From 30 to 59 days past due.
3. From 60 to 89 days past due.
4. At least 90 days past due.
(3) A licensee claiming that any information submitted in the report contains a trade secret must submit to the office an accompanying affidavit in accordance with s. 655.0591 and designate the information claimed to be a trade secret pursuant to s. 655.0591.
(4) The office may publish a report of information submitted pursuant to this section, provided that all data published in the report is anonymized and aggregated from all licensees.