The purpose and effect is to amend existing rules to incorporate amended federal forms MU1, MU2, MU3, MU4, and MCR-01, which have been revised since last incorporated by reference in the rule. Additionally, the amendments ....

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

RULE NOS.:RULE TITLES:

69V-40.002Adoption of Forms

69V-40.0312Application Procedure for Loan Originator License

69V-40.0313Loan Originator License Renewal and Reactivation

69V-40.176Reports of Condition

PURPOSE AND EFFECT: The purpose and effect is to amend existing rules to incorporate amended federal forms MU1, MU2, MU3, MU4, and MCR-01, which have been revised since last incorporated by reference in the rule. Additionally, the amendments will incorporate amended Form OFR-MIL-001. Form OFR-MIL-001 is being amended to conform to Chapter 2023-205, Laws of Florida, which eliminated the requirement that issuer/dealers register with the Office; to require loan originators to email the form and supporting documentation to the Office; and to remove the duplicative incorporation of Form OFR-MIL-001 in Rules 69V-40.0312 and 69V-40.0313, Florida Administrative Code. In addition, the amendments will incorporate new form OFR-494-15, which will conform to Chapter No. 2024-134, Laws of Florida, which requires the Office to prescribe, via rulemaking, criteria and processes for determining whether an organization is and remains a bona fide nonprofit organization.

SUBJECT AREA TO BE ADDRESSED: Consumer Finance

RULEMAKING AUTHORITY: 494.0011(2), 494.0016(4), 494.00312, 494.00313, 494.00321(2), 494.00322(1), 494.00331(2), 494.0036, 494.004, 494.00611, 494.004, 494.00611, 494.0067 FS

LAW IMPLEMENTED: 494.0011(2), 494.0016, 494.00312, 494.00313, 494.00321, 494.00322, 494.00331, 494.0036, 494.004, 494.00611, 494.00612, 494.0066, 494.0067 FS

IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE REGISTER.

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Sheila Harley, [phone], [e-mail]

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.