Loan Originator License Renewal

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

RULE NO.:RULE TITLE:

69V-40.0313Loan Originator License Renewal

NOTICE OF CHANGE

Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 41 No. 146, July 29, 2015 issue of the Florida Administrative Register.

69V-40.0313 Loan Originator License Renewal and Reactivation.

(1) In order to renew an active loan originator license a licensee must submit the following to the Office no later than December 31 of each calendar year in which the licensee wishes to renew the license:

(a) A completed renewal submission as required by the Registry submitted through the Registry.

(a)(b) Submit a total payment of $176.00 paid through the Registry which includes the following:

1. through 2. No change.

3. $6 to cover the cost of fingerprint retention as required to comply with 494.00313(1)(b) 494.00312 F.S.

(b)(c) Authorize the Registry to obtain and make available to the Office an independent credit report on the licensee.

(2) A loan originator license that is not renewed as required in subsection (1) before January 1 of the renewal year shall revert from active to inactive status. In order to reactivate a loan originator license, a licensee must submit the following to the Office before March 1 of each calendar year in which the licensee wishes to reactivate the license:

(a) A completed renewal submission as required by the Registry submitted through the Registry.

(a)(b) Submit a total payment of $326.00 paid through the Registry which includes the following:

1. through 3. No change.

4. $6 to cover the cost of fingerprint retention as required to comply with 494.00313(1)(b) 494.00312 F.S.

(3) through (5) No change.

Rulemaking Authority 494.0011(2), 494.00313 FS. Law Implemented 494.0011(2), 494.00313 FS. History–New 10-1-10,______.