Florida SB 540: Disability History and Awareness Instruction

Bill Text

540 
Office of Financial Regulation 
2026-02-24T13:29:32Z 
Requiring the Department of Children and Families to cooperate with and seek cooperation from the Office of Financial Regulation concerning certain protective investigations of suspected financial exploitation of specified adults; requiring loan originators, mortgage brokers, and mortgage lenders to develop, implement, and maintain comprehensive written information security programs for the protection of information systems and nonpublic personal information; providing additional acts that constitute a ground for specified disciplinary actions against loan originators and mortgage brokers; authorizing the office to make investigations and examinations to aid the Department of Children and Families with certain protective investigations; requiring money services businesses to develop, implement, and maintain comprehensive written information security programs for the protection of information systems and nonpublic personal information, etc. 
Committee Substitute 3 
2026 
S 
2026-07-01T00:00:00Z 
GB 
General Bill 
c3 

 Florida Senate - 2026 CS for CS for CS for SB 540 

 By the Committee on Rules; the Appropriations Committee on 
 Agriculture, Environment, and General Government; the Committee 
 on Banking and Insurance; and Senator Martin 

 595-03185-26 2026540c3 
 1 A bill to be entitled 
 2 An act relating to the Office of Financial Regulation; 
 3 amending s. 415.106, F.S.; requiring the Department of 
 4 Children and Families to cooperate with and seek 
 5 cooperation from the Office of Financial Regulation 
 6 concerning certain protective investigations of 
 7 suspected financial exploitation of specified adults; 
 8 requiring the department to provide copies of certain 
 9 suspected financial exploitation reports to the office 
 10 within a certain timeframe; authorizing the department 
 11 to provide copies of certain records at the request of 
 12 the office within a specified timeframe; authorizing 
 13 the office to use such reports or records as required 
 14 or authorized in certain provisions; specifying that 
 15 certain confidentiality provisions that apply to the 
 16 department apply to the records of the office and its 
 17 employees and agents; authorizing the department and 
 18 the office to enter into a specified memorandum of 
 19 agreement; amending s. 415.107, F.S.; revising the 
 20 persons, officials, and agencies granted access to 
 21 certain records relating to vulnerable adults; 
 22 creating s. 494.00123, F.S.; defining terms; requiring 
 23 loan originators, mortgage brokers, and mortgage 
 24 lenders to develop, implement, and maintain 
 25 comprehensive written information security programs 
 26 for the protection of information systems and 
 27 nonpublic personal information; providing requirements 
 28 for such programs; requiring loan originators, 
 29 mortgage brokers, and mortgage lenders to establish 
 30 written incident response plans for specified 
 31 purposes; providing requirements for such plans; 
 32 providing applicability; providing compliance 
 33 requirements under specified circumstances; requiring 
 34 loan originators, mortgage brokers, and mortgage 
 35 lenders to maintain copies of information security 
 36 programs for a specified timeframe and to make them 
 37 available to the office under certain circumstances; 
 38 specifying requirements for notices of security 
 39 breaches; providing construction; requiring the 
 40 Financial Services Commission to adopt rules; amending 
 41 s. 494.00255, F.S.; providing additional acts that 
 42 constitute a ground for specified disciplinary actions 
 43 against loan originators and mortgage brokers; 
 44 amending s. 517.021, F.S.; revising the definition of 
 45 the term “investment adviser”; defining terms; 
 46 amending s. 517.061, F.S.; defining terms; amending s. 
 47 517.201, F.S.; authorizing the office to make 
 48 investigations and examinations to aid the Department 
 49 of Children and Families with certain protective 
 50 investigations; authorizing the office to consider or 
 51 use certain information as part of certain 
 52 investigations and examinations; amending s. 517.34, 
 53 F.S.; revising the information required to be 
 54 contained in the form by which a dealer or investment 
 55 advisor notifies the office of certain delayed 
 56 disbursements or transactions of funds or securities; 
 57 providing construction; creating s. 520.135, F.S.; 
 58 specifying that the rights and obligations of parties 
 59 with respect to a surrendered or repossessed motor 
 60 vehicle are exclusively governed by certain 
 61 provisions; amending s. 560.114, F.S.; specifying the 
 62 entities that are subject to certain disciplinary 
 63 actions and penalties; revising the list of actions by 
 64 money services businesses which constitute grounds for 
 65 certain disciplinary actions and penalties; specifying 
 66 requirements for emergency suspe