Florida Statutes Part II - Mortgage Brokers (Ss. 494.00312-494.0043)

• 494.00312 - Loan Originator License.
  (1) An individual who acts as a loan originator must be licensed under this section.(2) In order to apply for a loan originator license, an applicant must:(a) Be...
• 494.00313 - Loan Originator License Renewal.
  (1) In order to renew a loan originator license, a loan originator must:(a) Submit a completed license renewal form as prescribed by commission rule.(b) Submit a nonrefundable renewal...
• 494.00321 - Mortgage Broker License.
  (1) Each person who acts as a mortgage broker must be licensed in accordance with this section.(2) In order to apply for a mortgage broker license, an...
• 494.00322 - Mortgage Broker License Renewal.
  (1) In order to renew a mortgage broker license, a mortgage broker must:(a) Submit a completed license renewal form as prescribed by commission rule.(b) Submit a nonrefundable renewal...
• 494.00331 - Loan Originator And Loan Processor Employment.
  (1) LOAN ORIGINATORS.—An individual may not act as a loan originator unless he or she is an employee of, or an independent contractor for, a mortgage...
• 494.0035 - Principal Loan Originator And Branch Manager For Mortgage Broker.
  (1) Each mortgage broker must be operated by a principal loan originator who shall have full charge, control, and supervision of the mortgage broker. The principal...
• 494.0036 - Mortgage Broker Branch Office License.
  (1) Each branch office of a mortgage broker must be licensed under this section.(2) The office shall issue a mortgage broker branch office license to a mortgage...
• 494.0038 - Mortgage Broker Fees.
  (1) Any third-party fee entrusted to a mortgage broker must immediately, upon receipt, be placed into a segregated account with a financial institution located in the...
• 494.0039 - Principal Place Of Business Requirements.
  Each mortgage broker licensee shall maintain and transact business from a principal place of business.History.—ss. 26, 50, ch. 91-245; s. 4, ch. 91-429; s. 545,...
• 494.004 - Requirements Of Licensees.
  (1) Each licensee under this part shall report to the office:(a) In writing, any conviction of, or plea of nolo contendere to, regardless of adjudication, any felony...
• 494.0042 - Loan Origination Fees.
  (1) A loan origination fee earned by a licensee, pursuant to this part, is not considered interest or a finance charge under chapter 687.(2) A person may...
• 494.0043 - Requirements For Brokering Loans To Noninstitutional Investors.
  (1) A loan originator, when arranging a mortgage loan for a noninstitutional investor, shall:(a) Before any payment of money by the noninstitutional investor, provide an opinion of...

Last modified: September 23, 2016