First Up Lending LLC.; On 4/1/2019, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for Declaratory Statement from First Up Lending LLC. The petition seeks a declaratory statement from the Office whether its ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that the Florida Office of Financial Regulation has received the petition for declaratory statement from First Up Lending LLC. The petition seeks the agency's opinion as to the applicability of Chapter 494, Florida Statutes, as it applies to the petitioner.

On 4/1/2019, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for Declaratory Statement from First Up Lending LLC. The petition seeks a declaratory statement from the Office whether its proposed business model (to originate, fund and service loans to commercial enterprises in the amount of $500,000 to $3,000,000) falls under the Loan Originator and Mortgage Broker Statute, 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, [phone], [e-mail].

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