16278072, 69V-40.00111 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 16278072

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Finance

Chapter:

MORTGAGE BROKERAGE

Overview

RULE:

69V-40.00111	Determination of common terms used throughout Chapter 494, F.S., and Rule Chapter 69V-40
69V-40.00661	Mortgage Lender Branch Office Renewal and Reactivation
69V-40.0361	Mortgage Broker Branch Office Renewal and Reactivation
69V-40.176	Reports of Condition

PURPOSE:

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.

SUMMARY:

The new rules will define the term “material benefit” as used in Chapter 494, F.S. and Rule Chapter 69V-40, F.A.C., will specify the license renewal and license reactivation processes for mortgage broker branch office and mortgage lender branch office licensees as found in Chapter 494, and will establish provisions for reports of condition to be submitted by mortgage lenders and mortgage brokers.

RULEMAKING AUTHORITY:

494.0011(2), 494.00296(1)(c), 494.0036, 494.004, 494.0066, 494.0067

LAW:

494.0011(2), 494.00296(1)(c), 494.0036 , 494.004, 494.0066, 494.0067

PRINT PUBLISH DATE:

7/29/2015 Vol. 41/146

COMMENTS:

From 7/29/2015 To 8/19/2015 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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