Palm Villas Reserve, LLC, on May 17, 2016.; The petition seeks a declaratory statement from the Office on whether Petitioner's proposed business activities (of offering private financing as described in the Petition as "Seller Financing" be exempt ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that the Office of Financial Regulation has received the petition for declaratory statement from Palm Villas Reserve, LLC, on May 17, 2016. The petition seeks the agency’s opinion as to the applicability of Chapter 494, Florida Statutes, specifically Section 494.00115(2), Part III, as it applies to the petitioner.

The petition seeks a declaratory statement from the Office on whether Petitioner’s proposed business activities (of offering private financing as described in the Petition as “Seller Financing” be exempt from regulation under Section 494.00115(2) part III, the Florida Mortgage Brokerage and Mortgage 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, [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] by June 3, 2016.