Definitions, Effect of Law Enforcement Records on Applications for Loan Originator, Mortgage Broker, and Mortgage Lender Licensure., Adoption of Forms, Electronic Filing of Forms and Fees, Fees and Commissions, Demonstrating Character, General ...
DEPARTMENT OF FINANCIAL SERVICES
FinanceRule No.: RULE TITLE
69V-40.001: Definitions
69V-40.00112: Effect of Law Enforcement Records on Applications for Loan Originator, Mortgage Broker, and Mortgage Lender Licensure.
69V-40.002: Adoption of Forms
69V-40.003: Electronic Filing of Forms and Fees
69V-40.008: Fees and Commissions
69V-40.0113: Demonstrating Character, General Fitness, and Financial Responsibility
69V-40.021: Fictitious Name Registration
69V-40.022: Quarterly Report Filing Requirements
69V-40.025: Mortgage Broker Examination
69V-40.026: Curriculum for Mortgage Broker Pre-licensing Classroom Education
69V-40.027: Mortgage Broker Pre-licensing Education Requirement
69V-40.0271: Professional Continuing Education Requirements for Mortgage Brokers, Loan Originators, and Principal Representatives
69V-40.028: Permit for Mortgage Business School
69V-40.0281: Mortgage Business Schools Prohibited Practices and Advertising/Publicity
69V-40.029: Mortgage Business School Permit Renewal
69V-40.030: Accreditation Process for a Mortgage Business School
69V-40.031: Application Procedure for Mortgage Broker License
69V-40.0311: Effect of Law Enforcement Records on Applications for Mortgage Broker Licensure
69V-40.0312: Application Procedure for Loan Originator License
69V-40.0313: Loan Originator License Renewal
69V-40.0321: Application Procedure for a Mortgage Broker License
69V-40.0322: Mortgage Broker License Renewal
69V-40.033: Disciplinary Guidelines for Mortgage Business Schools
69V-40.0331: Declaration of Intent to Engage Solely in Loan Processing
69V-40.036: Application Procedure for a Mortgage Broker Branch Office License
69V-40.043: Mortgage Broker License Renewal and Reactivation
69V-40.051: Application Procedure for Mortgage Brokerage Business License
69V-40.0511: Effect of Law Enforcement Records on Applications for Mortgage Brokerage Business Licensure
69V-40.053: Mortgage Brokerage Business License and Branch Office License Renewal and Reactivation
69V-40.058: Application Procedure for Mortgage Brokerage Business Branch Office License
69V-40.060: Fees Earned Upon Obtaining a Bona Fide Commitment
69V-40.0611: Application Procedure for a Mortgage Lender License
69V-40.0612: Mortgage Lender License Renewal
69V-40.066: Application Procedure for a Mortgage Lender Branch Office License
69V-40.088: Referrals
69V-40.099: Amendments, Change of Name, Change of Entity and Change in Control or Ownership
69V-40.100: Application Procedure for Transfer in Ownership or Control of Saving Clause Mortgage Lender
69V-40.105: Branch Office License for Transfer in Ownership or Control of Saving Clause Mortgage Lender
69V-40.155: Lock-in Statement
69V-40.156: Third-party Fee Accounts
69V-40.160: Principal Brokers
69V-40.165: Branch Brokers
69V-40.170: Books and Records
69V-40.175: Mortgage Brokerage Files
69V-40.177: Mortgage Brokerage and Lending Transaction Journal
69V-40.200: Application Procedure for Mortgage Lender License
69V-40.201: Effect of Law Enforcement Records on Applications for Mortgage Lender and Correspondent Lender Licensure
69V-40.205: Mortgage Lender License, Mortgage Lender License Pursuant to Saving Clause, and Branch Office License Renewal and Reactivation
69V-40.220: Application Procedure for Correspondent Mortgage Lender License
69V-40.225: Correspondent Mortgage Lender License and Branch Office License Renewal and Reactivation
69V-40.240: Application Procedure for Mortgage Lender or Correspondent Mortgage Lender Branch Office License
69V-40.242: Principal Representative
69V-40.245: Independent Contractors
69V-40.250: Documentation of Net Worth and Surety Bond
69V-40.260: Mortgage Lender Files
69V-40.265: Mortgage Brokerage and Lending Transaction Journal
69V-40.285: Noninstitutional Investor Funds Account
69V-40.290: Acts Requiring Licensure as a Mortgage Broker, Mortgage Brokerage Business, Mortgage Lender or Correspondent Mortgage LenderNOTICE OF CORRECTION
Notice is hereby given that the following correction has been made to the proposed rule in Vol. 36, No. 24, June 18, 2010 issue of the Florida Administrative Weekly.
The notice of proposed rule is being corrected to indicate that a Statement of Estimated Regulatory Costs has been prepared and provide a summary of that statement.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: A Statement of Estimated Regulatory Costs has been prepared. The statement identifies the various fees that are imposed under Chapter 494, F.S., to implement the new licensure process for mortgage loan originators, mortgage brokers, and mortgage lenders. The statement also identifies fees and costs that are the result of the new requirements under the federal Secure and Fair Enforcement Mortgage Licensing Act of 2008, which include testing fees, registry fees, fingerprint processing fees, and costs associated with educational requirements. A possible impact of the new state and federal statutory licensure requirements is that some individuals and businesses that are currently operating in the mortgage industry or who hold licenses issued under the current requirements of Chapter 494, F.S., may no longer be able to continue to operate in the mortgage industry after October 1, 2010, because they will not meet the new minimum statutory requirements for licensure. A copy of the Statement of Estimated Regulatory Costs may be obtained by contacting Gregory C. Oaks, Chief, Bureau of Regulatory Review, Finance, Division of Finance, Office of Financial Regulation, 200 E. Gaines Street, Tallahassee, Florida 32399-0376, telephone (850)410-9805, Facsimile (850)410-9914, E-mail: Greg.Oaks@flofr.com.
