FirstKey Business Lending, LLC, (FKBL) on March 31, 2016.; The petition seeks the Office’s interpretation on the following: Whether FKBL is required to be licensed as a Florida mortgage lender to make investment property loans depends on two factors:...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that the Office of Financial Regulation has received the petition for declaratory statement from FirstKey Business Lending, LLC, (FKBL) on March 31, 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 the Office’s interpretation on the following: Whether FKBL is required to be licensed as a Florida mortgage lender to make investment property loans depends on two factors: (1) whether FKBL falls within the Act’s definition of “mortgage lender;” and (2) whether FKBL can satisfy any of the Act's exemptions to licensure.

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].

Please refer all comments to: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone] or [e-mail] by May 6, 2016.