DEPARTMENT OF FINANCIAL SERVICES
RULE NO.:RULE TITLE:
69V-40.155Lock-in Statement
NOTICE OF CHANGE
Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 41 No. 146, July 29, 2015 issue of the Florida Administrative Register.
69V-40.155 Lock-in Agreement
(1) A lock-in agreement which includes applicable information as required by Sections 494.0069(1)(a)-(e), F.S., and the following statements meets the requirement of Section 494.0069(1)(f), F.S.:
(a) through (c) No change.
(2) A lock-in agreement may be issued by a licensed Mortgage Broker provided the issuing Mortgage Broker has a written lock-in agreement issued by a lender that has unconditionally approved the mortgage loan. The issued lock-in agreement must satisfy the requirements of 494.0069, FS, and must be substantially similar in content to the lock-in issued by the approving lender.
Rulemaking Authority 494.0069(6) FS. Law Implemented 494.0069(1)(f) FS. History–New 12-3-91, Formerly 3D-40.155, Amended 10-1-10,__________.
