III CRE Bridge Loan Fund L.P.; On 5/16/2018, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for declaratory statement from III CRE Bridge Loan Fund L.P. The petition seeks a declaratory statement from the Office ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that the Florida Office of Financial Regulation has received the petition for declaratory statement from III CRE Bridge Loan Fund L.P. The petition seeks the agency’s opinion as to the applicability of Chapter 494, Florida Statutes, as it applies to the petitioner.

On 5/16/2018, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for declaratory statement from III CRE Bridge Loan Fund L.P. The petition seeks a declaratory statement from the Office on whether its proposed business model (of originating loans that are made for commercial or business purposes, as evidenced by the fact that they would only be made to entities formed for the purpose of purchasing, developing or redeveloping property) requires licensure as a mortgage lender or mortgage broker under 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].