Brian Simmons; The petition seeks a declaratory statement from the Office on whether Petitioner's business activities (of selling mortgage leads to lenders on a flat fee falls within Florida’s Mortgage Brokerage and Lending Act, Chapter 494, ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that the Office of Financial Regulation has issued an order disposing of the petition for declaratory statement filed by Brian Simmons on August 12, 2015. The following is a summary of the agency’s disposition of the petition:

The petition seeks a declaratory statement from the Office on whether Petitioner’s business activities (of selling mortgage leads to lenders on a flat fee) falls within Florida’s Mortgage Brokerage and Lending Act, Chapter 494, Florida Statutes. Based on the foregoing Findings of Fact and Conclusions of Law, Petitioner is not required to obtain a mortgage broker license in order to engage in the activities described in the Petition; and, based on the information received from Petitioner, the Office cannot make a determination at this time as to whether an individual mortgage loan originator license is required. Therefore, the Office denies Petitioner’s request for declaratory statement as to only this portion of its Petition. Done and Ordered, November 10, 2015.

A copy of the Order Disposing of the Petition for Declaratory Statement may be obtained by contacting: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone] or online at https://real.flofr.com/ConsumerServices/SearchLegalDocuments/LDSearch.aspx#/searchLegalDocuments.

Please refer all comments to: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone].