This bill removes the authority of the Superintendent of Consumer Credit Protection and Superintendent of Financial Institutions within the Department of Professional and Financial Regulation, referred to in the laws governing payroll processors as "the administrator," to require licensing of payroll processors through the nationwide mortgage
41 licensing system and registry. This bill also repeals the provision of law that grants specific
42 authority to the administrator to establish, by rulemaking, requirements that certain
43 background checks be required to obtain a payroll processor license. However, the bill does
44 not remove the general authority of the administrator to adopt rules establishing
45 requirements for licensing of payroll processors.

Statutes affected:
Bill Text LD 2110, SP 903: 10.1495