NP, Inc. dba US Mortgage of Florida; On July 5, 2017, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for declaratory statement from NP, Inc. dba US Mortgage of Florida (a licensed Mortgage Lender). The petition ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that the Florida Office of Financial Regulation has issued an order disposing of the petition for declaratory statement filed by NP, Inc., dba US Mortgage of Florida on July 5, 2017. The following is a summary of the agency’s disposition of the petition:

On July 5, 2017, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for declaratory statement from NP, Inc. dba US Mortgage of Florida (a licensed Mortgage Lender). The petition seeks a declaratory statement from the Office on whether Chapter 494, Florida Statutes permits licensed mortgage loan originators to work from home without their homes being licensed as a branch. On September 28, 2017, the Florida Office of Financial Regulation issued a Final Order on disposing of the Petition for Declaratory Statement. The Office determined that under the circumstances described in the Findings of Fact, Petitioner's loan originators can work from home without the need to license the home as a branch office of Petitioner.

A copy of the Order Disposing 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] or online at: https://real.flofr.com/ConsumerServices/SearchLegalDocuments/LDSearch.aspx#/searchLegalDocuments.

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