Murex Home Sales, LLC and Wheeler Capital Partners; The petition sought a declaratory statement from the Office with regard to the interpretation of Section 494.001(17), the definition of a “loan originator”; (a) whether Petitioner (Murex) is ...

 

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 Murex Home Sales, LLC and Wheeler Capital Partners on December 9, 2015. The following is a summary of the agency’s disposition of the petition:

The petition sought a declaratory statement from the Office with regard to the interpretation of Section 494.001(17), the definition of a “loan originator”; (a) whether Petitioner (Murex) is required to be licensed as a Florida mortgage loan originator; and (b) whether Petitioner (Wheeler) would be acting in violation of its license in providing counseling and advice to customers of Murex. The Office’s issued a response on February 25, 2016. It is declared that: A) Murex Home Sales, LLC is not considered a loan originator under Florida law. B) Wheeler Capital Partners, LLC would not violate Florida law by providing consultation to Murex’s customers as outlined in its petition. C) The Office makes no declaration regarding any interpretation of the application of federal law to Petitioners, including the rules implemented by the Consumer Finance Protection Bureau (CFPB).

A copy of the Order Disposing of the Petition for Declaratory Statement may be obtained by contacting: 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, [phone] or [e-mail].