The purpose and effect of the new rules are to define common terms used throughout Chapter 494, F.S., and Rule Chapter 69V-40, F.A.C., to implement the renewal and reactivation requirements for mortgage lender branch offices as found in section 494.0066, to implement the renewal and reactivation requirements for mortgage broker branch offices as found in section 494.0036, to add a reports of condition provision specifying requirements for reports of condition, and to provide the current rulemaking authority for the rules.