This bill amends Florida Statutes to create exemptions from public records requirements for information related to cybersecurity events affecting financial institutions and their customers. It establishes that information received by the Office of Financial Regulation regarding cybersecurity incidents involving loan originators, mortgage brokers, mortgage lenders, and money services businesses will be classified as confidential and exempt from public disclosure. The bill includes a public necessity statement that underscores the importance of maintaining confidentiality to protect ongoing investigations, prevent identity theft, and uphold the integrity of the financial system. These exemptions will be subject to future legislative review and will automatically repeal on October 2, 2031, unless reenacted.

Additionally, the bill introduces provisions to protect sensitive information related to the establishment of new state credit unions in Florida. It ensures that personal financial information, government-issued identification numbers, and business plans of proposed state credit unions remain confidential and exempt from public records requirements until the application process is complete and a charter is issued. The personal identifying information of proposed officers or directors currently employed by other financial institutions is also protected during this period. The bill emphasizes the necessity of these exemptions to facilitate the regulatory duties of the Office of Financial Regulation while preventing potential harm to individuals involved in establishing new credit unions, thereby ensuring a cohesive implementation of these protective measures.

Statutes affected:
S 1440 c1: 655.057