Al Mccray/FSB Capital on February 11, 2016.; The petition seeks a declaratory statement from the Office on whether Petitioner's proposed business activities (of soliciting, processing, underwriting and submitting for funding with non-institutional ...
DEPARTMENT OF FINANCIAL SERVICES
NOTICE IS HEREBY GIVEN that the Office of Financial Regulation has received the petition for declaratory statement from Al Mccray/FSB Capital on February 11, 2016. The petition seeks the agency’s opinion as to the applicability of Chapter 494, Florida Statutes, as it applies to the petitioner.
The petition seeks a declaratory statement from the Office on whether Petitioner’s proposed business activities (of soliciting, processing, underwriting and submitting for funding with non-institutional investors certain types of properties for financing consideration, via a mortgage loan. As noted in the Petition, the types of properties include a) all corporate titled; b) non-owner occupied unless property is in a corporation’s name and the corporation is the mortgage loan applicant; and c) non-residential occupied unless property is in the corporations name and the corporation is the applicant. Types of corporate owned businesses include multi-family (non-owner occupied), mixed-use, retail, officer, auto repair, day care, funeral homes, beauty shops, motels/hotels, warehouse, mobile home parks, campgrounds, churches, self-storage, dry cleaner, recreational properties, raw land) fall within Florida’s Mortgage Brokerage and Lending Act, Chapter 494, Florida Statutes.
A copy 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, (850)410-9643.
Please refer all comments to: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, (850)410-9643 by March 11, 2016.
Document Information
- Meeting:
- Chapter 494, Florida Statutes.
- Contact:
- Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, (850) 410-9643.