Published on: 8984157. This is the Final Public Hearing on the adoption of proposed amendments to Rule Chapter 69V-40, F.A.C., published on June 18, 2010, in Vol. 36, No. 24 of the Florida Administrative Weekly. A notice of change for these rules is also published in this edition of the Florida Administrative Weekly.; August 26, 2010, 9:00 a.m., during a regular meeting of the Financial Services Commission; Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida
Published on: 8852625. Definitions, Effect of Law Enforcement Records on Applications for Loan Originator, Mortgage Broker, and Mortgage Lender Licensure., Adoption of Forms, Electronic Filing of Forms and Fees, Fees and Commissions, Demonstrating Character, General Fitness, and Financial Responsibility, Fictitious Name Registration, Quarterly Report Filing Requirements, Mortgage Broker Examination, Curriculum for Mortgage Broker Pre-licensing Classroom Education, Mortgage Broker Pre-licensing Education Requirement, Professional Continuing Education Requirements for Mortgage Brokers, Loan Originators, and Principal Representatives, Permit for Mortgage Business School, Mortgage Business Schools Prohibited Practices and Advertising/Publicity, Mortgage Business School Permit Renewal, Accreditation Process for a Mortgage Business School, Application Procedure for Mortgage Broker License, Effect of Law Enforcement Records on Applications for Mortgage Broker Licensure, Application Procedure for Loan Originator License, Loan Originator License Renewal, Application Procedure for a Mortgage Broker License, Mortgage Broker License Renewal, Disciplinary Guidelines for Mortgage Business Schools, Declaration of Intent to Engage Solely in Loan Processing, Application Procedure for a Mortgage Broker Branch Office License, Mortgage Broker License Renewal and Reactivation, Application Procedure for Mortgage Brokerage Business License, Effect of Law Enforcement Records on Applications for Mortgage Brokerage Business Licensure, Mortgage Brokerage Business License and Branch Office License Renewal and Reactivation, Application Procedure for Mortgage Brokerage Business Branch Office License, Fees Earned Upon Obtaining a Bona Fide Commitment, Application Procedure for a Mortgage Lender License, Mortgage Lender License Renewal, Application Procedure for a Mortgage Lender Branch Office License, Referrals, Amendments, Change of Name, Change of Entity and Change in Control or Ownership, Application Procedure for Transfer in Ownership or Control of Saving Clause Mortgage Lender, Branch Office License for Transfer in Ownership or Control of Saving Clause Mortgage Lender, Lock-in Statement, Third-party Fee Accounts, Principal Brokers, Branch Brokers, Books and Records, Mortgage Brokerage Files, Mortgage Brokerage and Lending Transaction Journal, Application Procedure for Mortgage Lender License, Effect of Law Enforcement Records on Applications for Mortgage Lender and Correspondent Lender Licensure, Mortgage Lender License, Mortgage Lender License Pursuant to Saving Clause, and Branch Office License Renewal and Reactivation, Application Procedure for Correspondent Mortgage Lender License, Correspondent Mortgage Lender License and Branch Office License Renewal and Reactivation, Application Procedure for Mortgage Lender or Correspondent Mortgage Lender Branch Office License, Principal Representative, Independent Contractors, Documentation of Net Worth and Surety Bond, Mortgage Lender Files, Mortgage Brokerage and Lending Transaction Journal, Noninstitutional Investor Funds Account, Acts Requiring Licensure as a Mortgage Broker, Mortgage Brokerage Business, Mortgage Lender or Correspondent Mortgage Lender
Published on: 8745149. In 2009, the Florida Legislature passed Senate Bill 2226 to bring Florida law into compliance with the federal S.A.F.E. Mortgage Licensing Act of 2008, Title V of P.L. 110-289. (See Chapter 2009-241, Laws of Florida.) In addition, during the 2010 legislation session, the Florida Legislature passed additional changes to Chapter 494, F.S. (See HB 1281, Chapter 2010-67, Laws of Florida.) These changes will take effect on October 1, 2010, which coincides with when the new licensure requirements to implement SB 2226 will take effect. The proposed changes to Rule Chapter 69V-40, F.A.C., reflect and implement the new statutory licensure requirements for mortgage loan originators, mortgage brokers and mortgage lenders; conform terminology to statutory changes; repeal rules that have been superseded by state or federal statutes; and make other changes to clarify and simplify regulations relating to mortgage brokering and lending.
Published on: 8676570. In 2009, the Florida Legislature passed Senate Bill 2226 to bring Florida law into compliance with the federal S.A.F.E. Mortgage Licensing Act of 2008, Title V of P.L. 110-289. SB 2226 was signed into law on June 29, 2009. See Chapter 2009-241, Laws of Florida. The Office of Financial Regulation is proposing rule changes to Rule Chapter 69V-40, F.A.C., to reflect the statutory changes to Chapter 494, F.S.
Published on: 6594465. This is the Final Public Hearing on the adoption of proposed Rules 69V-40.025, 69V-40.031, 69V-40.100, 69V-40.200, 69V-40.220, and 69V-40.242, Florida Administrative Code, published on November 7, 2008, in Vol. 34, No. 45 issue of the Florida Administrative Weekly. A Notice of Correction was published on November 21, 2008, in Vol. 34, No. 47. No changes have been made to the proposed rules. The rules address the cost of the mortgage broker test. Section 494.0033, F.S., requires the Office of Financial Regulation to make available an electronic version of the mortgage broker test. Persons required to take the mortgage broker test are required to bear the actual cost for the electronic version of the test; however, the fee may not exceed $75. The Office has contracted with a third party to administer the mortgage broker test for $43 per test. Any person required to take the mortgage broker test is responsible for this cost. If a person fails the test and wishes to take the test again, the cost of the retake is also $43.; January 27, 2009, 9:00 a.m., during a regular meeting of the Financial Services Commission; Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida
Published on: 6431408. Mortgage Broker Examination, Application Procedure for Mortgage Broker License, Application Procedure for Transfer in Ownership or Control of Saving Clause Mortgage Lender, Application Procedure for Mortgage Lender License, Application Procedure for Correspondent Mortgage Lender License, Principal Representative
Published on: 6387758. This is the Final Public Hearing on the adoption of proposed rules 69V-40.002, 69V-40.031, 69V-.051, 69V-40.100, 69V-40.200, 69V-40.220, Florida Administrative Code, published on September 26, 2008, in Volume 34, Number 39, of the Florida Administrative Weekly. No changes have been made to the proposed rules.
The rules are being amended to increase fingerprint processing fees from $42.25 to $43.25. The current fee of $42.25 represents $23 charged by the Florida Department of Law Enforcement for a state criminal history check and $19.25 charged by the U.S. Department of Justice for a national criminal history check. During the 2008 regular session, the Florida Legislature passed Senate Bill 1792. This bill was signed into law (Chapter 2008-112, Laws of Florida) by Governor Crist on June 10, 2008. Effective July 1, 2008, the Florida Department of Law Enforcement will be increasing its fingerprint processing fee to $24 as required by Section 1 of Chapter 2008-112, Laws of Florida, which amends Section 943.053(3)(b), Florida Statutes. Also during the regular 2008 legislative session, the Florida Legislature passed House Bill 5049, which amended Section 494.0033, F.S., to reduce the mortgage broker license application fee from $200 to $195. This bill was signed into law (Chapter 2008-135, Laws of Florida) by Governor Crist. Form OFR-494-03, Application for Licensure as a Mortgage Broker, which is incorporated by reference in Rule 69V-40.002, F.A.C., is amended to reflect the reduction in the license application fee.
; November 20, 2008, 9:00 a.m.; Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida