CBRE Capital Markets, Inc. ; NOTICE IS HEREBY GIVEN THAT the Office of Financial Regulation has issued an order regarding the petition for Declaratory Statement for CBRE Capital Markets, Inc. filed on September 28, 2010. The Notice of Petition for ...

DEPARTMENT OF FINANCIAL SERVICES
FSC - Financial Institution Regulation

NOTICE IS HEREBY GIVEN THAT the Office of Financial Regulation has received the petition for declaratory statement from CBRE Capital Markets, Inc. The petition seeks the agency's opinion as to the applicability of Chapter 494, Florida Statutes (2010) as it applies to the petitioner.
NOTICE IS HEREBY GIVEN THAT the Office of Financial Regulation has issued an order regarding the petition for Declaratory Statement for CBRE Capital Markets, Inc. filed on September 28, 2010. The Notice of Petition for Declaratory Statement was published in Vol. 36, No. 41, of the October 15, 2010, Florida Administrative Weekly. The petition sought Office’s opinion as to whether CBRE Capital Markets, Inc.’s proposed operation to only seek mortgages from depository institutions, investment banks, life insurance companies, real estate investment trusts, and other business entities that invest in mortgage loans requires licensure as either a mortgage lender or mortgage broker under Chapter 494, Florida Statutes (2010). The Office’s Order, filed on December 21, 2010 answers the Petition for Declaratory Statement. CBRE Capital Markets, Inc. is not required to be licensed as a Mortgage Lender or Mortgage Broker pursuant to Chapter 494, Florida Statutes (2010).
A copy of the Petition for Declaratory Statement may be obtained by contacting: Ekecia M. Grayson, Esq., 200 E. Gaines St., Tallahassee, FL 32399-0376.
Please refer all comments to: Ekecia M. Grayson, Esq., 200 E. Gaines St., Tallahassee, FL 32399-0376.