The bill H. F. No. 4188 aims to enhance consumer protections in the insurance and financial sectors while introducing new regulations for virtual currency kiosks and modifying existing provisions for securities broker-dealers. Key provisions include increasing the deposit limit from consumer enforcement actions into the general fund from $5 million to $10 million and establishing new limits on distributions to eligible consumers for unpaid public compensation. The bill clarifies the roles of financial institutions, introduces new provisions for short-term unsecured consumer loans, and streamlines the regulatory framework by repealing outdated statutes. It also prohibits virtual currency kiosks and adjusts how virtual currency is treated in the calculation of tangible net worth for licensees involved in virtual currency activities.

Additionally, the bill establishes new standards for residential mortgage loan servicing, mandates detailed record-keeping for virtual currency transactions, and introduces requirements for student loan servicers, including timely error corrections and borrower communication protocols. It also outlines new regulations for travel insurance producers and introduces the "Rental Home Marketplace Guarantees Act," which sets requirements for rental home guarantee providers. The bill enhances transparency in health care by requiring detailed reporting on prescription drug costs and strengthens mental health parity. Overall, H. F. No. 4188 seeks to modernize consumer protections and regulatory oversight across various sectors, ensuring compliance with evolving market conditions.

Statutes affected:
Introduction: 53B.69, 58.14, 58.18, 58B.02, 58B.03, 58B.06, 72A.18, 72A.20, 80G.01, 332.32, 582.043, 53B.75
1st Engrossment: 53B.69, 58.14, 58.18, 58B.02, 58B.03, 58B.06, 72A.18, 72A.20, 80G.01, 325E.21, 332.32, 53B.75, 46.044, 48.195, 49.37, 58B.051, 60A.13, 72A.061, 239.761, 239.77, 296A.01, 48.158, 80A.50, 80A.69, 80C.12, 345.31, 345.43
2nd Engrossment: 53B.69, 58.14, 58.18, 58B.02, 58B.03, 58B.06, 72A.18, 72A.20, 80G.01, 325E.21, 332.32, 53B.75, 46.044, 48.195, 49.37, 58B.051, 60A.13, 72A.061, 48.158, 80A.50, 80A.69, 80C.12, 345.31, 345.43
3rd Engrossment: 47.20, 47.59, 47.60, 53.04, 53B.74, 53C.09, 56.002, 56.01, 56.05, 58.06, 58.14, 58.18, 58B.02, 58B.03, 58B.06, 60A.085, 60K.383, 62A.135, 62A.46, 72A.13, 72A.18, 72A.20, 80G.01, 256B.0913, 325E.21, 332.32, 332.52, 332A.04, 332B.04, 80A.50, 80C.12, 62D.08, 62J.40, 62K.07, 62M.09, 62Q.47, 62U.04, 62W.06, 270B.14, 62E.23, 62J.89, 62J.90, 345.31, 345.43, 46.044, 48.195, 49.37, 58B.051, 60A.13, 72A.061, 239.761, 239.77, 296A.01, 349.211, 609.761, 48.158
1st Unofficial Engrossment: 62J.89, 62J.90, 62E.23, 60A.50, 62D.08, 62J.40, 62K.07, 62M.02, 62M.09, 62Q.47, 62Q.545, 62U.04, 62W.06, 53B.69, 325E.21, 325F.79, 325F.791, 325F.792, 53B.75, 80A.50, 80C.12, 237.035, 237.036, 237.069, 237.07, 237.11, 237.164, 237.626, 237.66, 237.70, 237.762, 52.063, 52.24, 53B.74, 58.14, 58.18, 58B.02, 58B.03, 58B.051, 58B.06, 60A.07, 60A.085, 60K.383, 65A.27, 72A.18, 72A.20, 80G.01, 332.32, 332.52, 332A.04, 332B.04, 345.31, 345.43, 46.044, 48.195, 49.37, 60A.13, 62J.96, 72A.061, 239.761, 239.77, 296A.01, 349.211
CCR-HF4188: 47.20, 47.59, 47.60, 53.04, 53B.74, 53C.09, 56.002, 56.01, 56.05, 58.06, 58.14, 58.18, 58B.02, 58B.03, 58B.06, 60A.085, 60K.383, 62A.135, 62A.46, 72A.13, 72A.18, 72A.20, 80G.01, 256B.0913, 325E.21, 332.32, 332.52, 332A.04, 332B.04, 80A.50, 80C.12, 62D.08, 62J.40, 62K.07, 62M.09, 62Q.47, 62U.04, 62W.06, 270B.14, 62E.23, 62J.89, 62J.90, 345.31, 345.43, 46.044, 48.195, 49.37, 58B.051, 60A.13, 72A.061, 239.761, 239.77, 296A.01, 349.211, 609.761, 48.158