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Ex. AGY-ST-INSURANCE-BANKING-053 Order Primary source read

Emergency Order 2020-03

Emergency Order permitting motor vehicle retail installment sellers to schedule the first payment up to 90 days from the date of the loan

Commissioner, Office of Financial Regulation · Florida; Office of Financial Regulation (Sector regulator)

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The COVID Project

The record

Jurisdiction
Florida; Office of Financial Regulation · Florida
Level
Sector regulator
Authority
Executive Order 20-52; Fla. Stat. § 252.46
Issued
2020-04-17 Apr. 17, 2020
Effective
April 2020 (read as 2020-04-17)
End
For the duration of the emergency unless modified (read as 2020-06-30)
In force
Apr. 17, 2020 to June 30, 2020
Quarters
2020 Q2
Limitation types
Other
Addressees
  • motor vehicle retail installment sellers licensed under chapter 520, Florida Statutes
Functions reached
  • FI finance and insurance function of motor vehicle dealers (industry 08): deferred first payments
  • CL consumer auto lending
  • CB vehicle buyers
Collection
State insurance and banking regulators AGY-ST-INSURANCE-BANKING

Operative words

Therefore, I order the following: A motor vehicle retail installment seller, licensed with the Office under Chapter 520, Florida Statutes, may allow the first payment of a motor vehicle retail installment [contract to be scheduled up to 90-days from the date of the loan].

Enforcement

Fla. Stat. ch. 520

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.