reglab/statecodes huggingface dataset:
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69U - FSC - Financial Institution Regulation › Chapter 69U-140 - INTERNATIONAL BANKS › Section 69U-140.020 - Semiannual Assessment

Current through Reg. 50, No. 138; July 16, 2024
(1) Each state
				licensed international banking agency shall pay to OFR a semiannual assessment
				fee for the six-month period beginning thirty days before each payment date.
				Each assessment shall be postmarked on or before January 31 and July 31 of each
				year. The amount of the semiannual assessment to be paid by each agency is
				computed as follows:
If the agencies' total assets are:
Over
Million
But Not
Over Million
This Amount
(Base Assessment)
Plus
(Assessment Rate)
Of Excess
Over Million
$0.00
$35.00
$0.00
0.000065
0
35.00
100.00
2,275.00
0.000052
35
100.00
500.00
5,655.00
0.000040
100
500.00
1,000.00
21,495.00
0.000028
500
1,000.00
2,500.00
35,335.00
0.000016
1,000
2,500.00
5,000.00
59,655.00
0.000004
2,500
5,000.00
7,500.00
69,655.00
0.000002
5,000
7,500.00
10,000.00
74,655.00
0.0000008
7,500
10,000.00
. . ..
76,655.00
0.0000004
10,000
(2)
				Each semiannual assessment is based on the total assets (including amounts due
				the agency from other offices or branches of the international banking
				corporation of which the agency is a part of or from entities related to that
				international banking corporation) as shown in the agency's "Report of Assets
				and Liabilities of U.S. Agencies of Foreign Banks" most recently preceding the
				payment date. Each agency subject to the jurisdiction of OFR on January 1 or
				June 30 of each year is subject to the full assessment for the next six-month
				period without proration for any reason.
(3) Regardless of the rates above, the
				semiannual assessment must equal at least $1,000.
(4) The agency officer who is responsible for
				the calculation of the semiannual assessment must sign, date, and indicate
				his/her title when submitting to OFR.
(5) OFR shall levy a late payment penalty of
				$100.00 per day for each day that a semiannual assessment is past due, unless
				the late payment penalty is excused per section
				655.047, F.S. (2013). For
				intentional late filing of a semiannual assessment, OFR shall levy a late
				payment penalty of $1,000.00 per day for each day that a semiannual assessment
				is past due.
Rulemaking Authority 655.012(2), 633.12, 663.13 FS. Law
					 Implemented 663.12 FS.
New 8-21-83, Amended 11-15-85, Formerly 3C-15.13, Amended
					 10-1-87, 5-17-90, Formerly 3C-15.013, 3C-140.020, Amended
					 1-2-14.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69U - FSC - Financial Institution Regulation › Chapter 69U-140 - INTERNATIONAL BANKS › Section 69U-140.022 - Service of Process (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 655.012(3), 663.13 FS. Law Implemented
					 48.081, 48.181, 48.193, 120.53(1)(c), 120.60(6), 663.06(6), 663.13
					 FS.
New 2-24-80, Amended 7-21-81, Formerly 3C-15.07, 3C-15.00,
					 3C-140.022, Repealed 1-2-18.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69U - FSC - Financial Institution Regulation › Chapter 69U-140 - INTERNATIONAL BANKS › Section 69U-140.023 - Reciprocity

Current through Reg. 50, No. 138; July 16, 2024
The applicant must establish to the satisfaction of the OFR,
				  that the country in which the applicant is organized permits any financial
				  institution licensed or chartered by any state or any federal bank regulatory
				  agency in the United States to establish similar facilities therein or exercise
				  similar powers to those for which an application has been made. Similar
				  facilities or the exercise of similar powers shall include the indirect
				  maintenance of such facilities or exercise of such powers through the ownership
				  of a subsidiary company. The information submitted may consist of data as to
				  the existing activities of foreign banks in the country in which the applicant
				  is organized, an opinion of a licensed member of the legal profession of the
				  country in which the applicant is organized or a certificate of the appropriate
				  bank supervisory authority thereof. In determining whether the requisite
				  reciprocity exists, the criteria and terms and conditions of admission to the
				  foreign country shall be considered sufficiently similar if, taken as a whole,
				  with due regard to local banking practices, they are as favorable as the
				  criteria and the terms and conditions existing in Florida.
Rulemaking Authority 655.012(2), 663.13 FS. Law Implemented
					 663.04(2), 663.05(7)(a) FS.
New 5-4-78, Amended 7-21-81, Formerly 3C-15.05, 3C-15.005,
					 3C-140.023, Amended 1-1-18.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69U - FSC - Financial Institution Regulation › Chapter 69U-140 - INTERNATIONAL BANKS › Section 69U-140.120 - Examination Fees

Current through Reg. 50, No. 138; July 16, 2024
(1) Pursuant to
				section 663.12(3),
				F.S., OFR shall charge each international banking corporation which maintains
				an office in this state and is licensed under the provisions of chapter 663,
				F.S., an examination fee equal to the actual cost of each examiner's
				participation during each examination of such international banking
				corporation. The examination fee shall equal the actual cost of the
				examination, but in no event shall such fees (inclusive of travel expenses and
				other incidental expenses) be less than $200.00 per day for each examiner
				participating in the examination.
(2) For purposes of this section, "actual
				cost" means the direct salary (excluding employee benefits), travel expenses
				and other incidental expenses required as a result of the examination staff's
				onsite and offsite examination of the Florida office of the international
				banking corporation. In addition, "actual cost" shall include the travel
				expenses of any supervisory staff required as a result of examination
				findings.
(3) The actual cost of
				any field staff person and supervisor required for training assignments
				approved by management shall be excluded from the examination fee charged the
				international banking corporation.
(4) All examination fee payments shall be
				postmarked within 30 days after receipt of an invoice from
				OFR.
Rulemaking Authority 655.012(2), 663.12(3) FS. Law
					 Implemented 663.12(3) FS.
New 6-1-97, Formerly 3C-140.120, Amended
					 1-1-18.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69U - FSC - Financial Institution Regulation › Chapter 69U-150 - SAVINGS ASSOCIATIONS › Section 69U-150.730 - Association Assessments (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 120.53(1)(a), 655.012(3) FS. Law
					 Implemented 655.013(34), 655.047, 658.73
					 FS.
New 8-9-93, Formerly 3C-150.730, Repealed
					 7-1-12.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69U - FSC - Financial Institution Regulation › Chapter 69U-162 - FAMILY TRUST COMPANIES › Section 69U-162.003 - Application for License as a Licensed Family Trust Company

Current through Reg. 50, No. 138; July 16, 2024
(1) An applicant seeking to operate in this
				state as a licensed family trust company under Section
				662.121, F.S., must file a
				completed application on Form OFR-162-01, "Application for License as a
				Licensed Family Trust Company," revised 02/2023, herein incorporated by
				reference and available at
https://www.flrules.org/Gateway/reference.asp?No=Ref-15197
,
				or at the OFR's website,
http://www.flofr.gov
, accompanied by a
				nonrefundable $10,000 application fee for deposit into the Financial
				Institutions' Regulatory Trust Fund.
(2) The application must contain all
				information requested by the form, along with the following exhibits to the
				form:
(a) Exhibit A Proposed Articles of
				Incorporation (or Articles of Organization, Certificate of Incorporation,
				Certificate of Formation, or Certificate of Organization pursuant to Section
				662.123, F.S.);
(b) Exhibit B Proposed Bylaws or Operating
				Agreement;
(c) Exhibit C
				Organization Chart;
(d) Exhibit D
				Capital Account;
(e) Exhibit E Form
				OFR-162-Bio, "Biographical Report," incorporated by reference in subsection
				69U-162.009(6),
				F.A.C., for each director, officer, manager, member acting in a managerial
				capacity or equivalent position;
(f) Exhibit F Form OFR-162-Bio, "Biographical
				Report," incorporated by reference in subsection
				69U-162.009(6),
				F.A.C., for each controlling stockholder or member;
(g) Exhibit G Detailed Description of
				Services To Be Provided;
(h)
				Exhibit H Family Members;
(i)
				Exhibit I Genealogical Chart;
(j)
				Exhibit J Current or Former Employees to Whom Services Will Be
				Provided;
(k) Exhibit K Fidelity
				Bonds;
(l) Exhibit L Errors and
				Omissions Insurance;
(m) Exhibit M
				Affiliates;
(n) Exhibit N
				Third-Party Service Providers;
(o)
				Exhibit O Depository Account Relations;
(p) Exhibit P Statement Regarding Maintenance
				of Corporate and Fiduciary Records; and,
(q) Exhibit Q List of All Stockholders or
				Members.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69U - FSC - Financial Institution Regulation › Chapter 69U-162 - FAMILY TRUST COMPANIES › Section 69U-162.004 - Application to Register as a Family Trust Company

Current through Reg. 50, No. 138; July 16, 2024
(1) A family trust company seeking to
				register under Section
				662.122(1),
				F.S., must file a completed registration application on Form OFR-162-02,
				"Application to Register as a Family Trust Company," revised 02/2023, herein
				incorporated by reference and available at
https://www.flrules.org/Gateway/reference.asp?No=Ref-15198
,
				or at the OFR's website,
http://www.flofr.gov
, accompanied by a
				nonrefundable $5,000 application fee for deposit into the Financial
				Institutions' Regulatory Trust Fund.
(2) The application must contain all
				information required by the form and the following exhibits:
(a) Exhibit A Family Members;
(b) Exhibit B Current or Former Employees to
				Whom Services Will Be Provided;
(c)
				Exhibit C Genealogical Chart;
(d)
				Exhibit D Articles of Incorporation (or Articles of Organization, Certificate
				of Incorporation, Certificate of Formation, or Certificate of Organization
				pursuant to Section 662.123, F.S.);
(e) Exhibit E Bylaws or Operating
				Agreement;
(f) Exhibit F Capital
				Account;
(g) Exhibit G Statement
				Regarding Maintenance of Corporate and Fiduciary Records; and,
(h) Exhibit H List of All Stockholders or
				Members.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69U - FSC - Financial Institution Regulation › Chapter 69U-162 - FAMILY TRUST COMPANIES › Section 69U-162.005 - Application to Register as a Foreign Licensed Family Trust Company

Current through Reg. 50, No. 138; July 16, 2024
(1) An applicant seeking to operate in this
				state as a foreign licensed family trust company under Section
				662.122(2),
				F.S., must file a completed registration application on Form OFR-162-03,
				"Application to Register as a Foreign Licensed Family Trust Company," revised
				02/2023, herein incorporated by reference and available at
https://www.flrules.org/Gateway/reference.asp?No=Ref-15200
,
				or at the OFR's website,
http://www.flofr.gov
, accompanied by a
				nonrefundable $5,000 application fee for deposit into the Financial
				Institutions' Regulatory Trust Fund.
(2) The application must contain all
				information required by the form and Exhibit A.
(3) The application must be signed under
				penalty of perjury by the applicant's authorized
				representative.
Rulemaking Authority 662.140 FS. Law Implemented
					 662.111(15), 662.122(2), (3), (4), (5), 662.1225(2)
					 FS.
New 11-19-15, Amended 12-26-16,
					 2-16-23.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69U - FSC - Financial Institution Regulation › Chapter 69U-162 - FAMILY TRUST COMPANIES › Section 69U-162.006 - Annual Renewal

Current through Reg. 50, No. 138; July 16, 2024
(1) Annual renewal
				applications for family trust companies, licensed family trust companies, and
				foreign licensed family trust companies must be filed with the Office on Form
				OFR-162-04, "Annual Renewal Application," revised 02/2023, herein incorporated
				by reference and available at
https://www.flrules.org/Gateway/reference.asp?No=Ref-15202
or at the OFR's website,
http://www.flofr.gov
. Annual Renewal
				Applications must be filed with the Office on an annual basis no later than 45
				days after the anniversary of the filing of either the initial application or
				the prior year's renewal application.
(2) The annual renewal application must be
				accompanied by a nonrefundable application fee in the amount of $1,500 for a
				licensed family trust company, $750 for a family trust company, and $1,000 for
				a foreign licensed family trust company.
(3) Each annual renewal application must be
				signed under penalty of perjury by the applicant's authorized
				representative.
Rulemaking Authority 662.140 FS. Law Implemented 662.124,
					 662.125, 662.126, 662.127, 662.128, 662.132
					 FS.
New 11-19-15, Amended 12-26-16,
					 2-16-23.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69U - FSC - Financial Institution Regulation › Chapter 69U-162 - FAMILY TRUST COMPANIES › Section 69U-162.008 - Examination

Current through Reg. 50, No. 138; July 16, 2024
(1) Examinations of family trust companies,
				licensed family trust companies, and foreign licensed family trust companies
				will be conducted under section
				662.141, F.S.
(2) Subsequent to any examination of a
				licensed family trust company by the Office, the Office shall provide the
				licensed family trust company with written findings, recommendations, comments,
				and conclusions resulting from such examination.
(3) The Office will provide a written notice
				to the family trust company, licensed family trust company, or foreign licensed
				family trust company stating the costs due as a result of an examination
				conducted in accordance with section
				662.141, F.S. The company must
				remit payment for the cost of the examination within 30 days of the date of
				notice stating that such costs are due.
Rulemaking Authority 662.140 FS. Law Implemented 662.141
					 FS.
New 11-19-15.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69U - FSC - Financial Institution Regulation › Chapter 69U-162 - FAMILY TRUST COMPANIES › Section 69U-162.010 - Notification of Proposed Appointment

Current through Reg. 50, No. 138; July 16, 2024
(1) A
				licensed family trust company that is required under section
				662.125(3),
				F.S., to notify the Office of the proposed appointment of an individual to the
				board of directors or addition of a member, or appointment or employment of an
				individual as an officer or manager or member acting in a managerial capacity
				or equivalent position must notify the Office of such proposed appointment,
				addition, or employment using Form OFR-162-07, "Notification of Proposed
				Appointment of a Director, Addition of a Member, or Employment of an Officer,
				Manager, or Member Acting in a Managerial Capacity, or Equivalent Position,"
				effective 11/2015, herein incorporated by reference and available at
https://www.flrules.org/Gateway/reference.asp?No=Ref-06070
.
(2) The notification must be accompanied by a
				completed Form OFR-162-Bio, "Biographical Report," effective 11/2015,
				incorporated by reference in subsection
				69U-162.009(6),
				F.A.C., for the individual proposed.
(3) Such notification must be provided to the
				Office at least 60 days before the proposed appointment, addition, or
				employment becomes effective.
Rulemaking Authority 662.140 FS. Law Implemented 662.121,
					 662.1215, 662.125(3), (4), (5) FS.
New 11-19-15.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69U - FSC - Financial Institution Regulation › Chapter 69U-162 - FAMILY TRUST COMPANIES › Section 69U-162.011 - Discontinuing Business

Current through Reg. 50, No. 138; July 16, 2024
(1) A licensed
				family trust company that desires to discontinue business must provide the
				Office with written notification prior to the proposed discontinuance date. The
				notice must contain or attach the proposed plan for discontinuing business as
				well as a certified copy of the resolution of the board of directors, or
				members if a limited liability company, authorizing the action.
(2) The proposed plan for discontinuing
				business must include:
(a) A draft of the
				proposed notice to family members and former or current employees to whom
				services are provided;
(b) Any
				outstanding liabilities and the proposed process to settle those
				liabilities;
(c) The actions the
				licensed family trust company intends to take for discharge from all fiduciary
				duties it had undertaken; and,
(d)
				Any other information related to the resolution of outstanding matters and
				discontinuance of business and discharge of fiduciary duties, including any
				related proposed amendments to the company's articles of incorporation (or
				Articles of Organization, Certificate of Incorporation, Certificate of
				Formation, or Certificate of Organization pursuant to section
				662.123, F.S.) and any articles
				or certificate of dissolution or equivalent document.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69U - FSC - Financial Institution Regulation › Chapter 69U-162 - FAMILY TRUST COMPANIES › Section 69U-162.012 - Quarterly Reporting of Capital Account, Fidelity Bonds, and Insurance

Current through Reg. 50, No. 138; July 16, 2024
(1) A family trust company and licensed
				family trust company shall, within 30 days after the end of each quarter, file
				with the Office a report of capital accounts, fidelity bonds, and errors and
				omissions insurance on Form OFR-162-11 "Quarterly Report of Capital Account,
				Fidelity Bonds, and Insurance," effective 11/2015, herein incorporated by
				reference and available at
https://www.flrules.org/Gateway/reference.asp?No=Ref-06059
.
(2) Licensed family trust companies are
				required to provide all information requested by the form.
(3) Family trust companies are required to
				provide the capital account information, and may but are not required to,
				provide the fidelity bonds and insurance information.
Rulemaking Authority 662.140 FS. Law Implemented 662.124,
					 662.126, 662.132(1), 662.141 FS.
New 11-19-15.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.001 - Definitions (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011(2) FS. Law Implemented
					 494.00115(2)(e), (f), 494.0043 FS.
Revised 9-23-65, Formerly 3-3.01, 3D-40.01, Formerly
					 3D-40.01, Amended 12-7-89, 6-23-91, 8-24-92, 2-11-93, 11-17-93, 4-14-94,
					 9-7-94, 5-14-95, 7-25-96, 12-12-99, 12-8-02, Formerly 3D-40.001, Amended
					 3-23-08, Repealed 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.00111 - Determination of common terms used throughout Chapter 494, F.S., and Rule Chapter 69V-40

Current through Reg. 50, No. 138; July 16, 2024
"Material Benefit" as used in section
				  494.00296, F.S., is a beneficial
				  change in the current mortgage rates or terms where one or more of the
				  following occurred:
(1) Reduction in
				Principal Amount of the loan by 10% or more;
(2) Permanent reduction in the annual
				interest rate of at least 1% on an annual basis, or
(3) Conversion of an Adjustable Interest Rate
				loan to a Fixed Rate loan and the annual interest rate is equal to or less than
				the current adjustable interest rate.
Rulemaking Authority 494.00296(1)(c) FS. Law Implemented
					 494.00296(1)(c) FS.
New 11-9-15.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.00112 - Effect of Law Enforcement Records on Applications for Loan Originator, Mortgage Broker, and Mortgage Lender Licensure

Current through Reg. 50, No. 138; July 16, 2024
(1) General Procedure Regarding Law
				Enforcement Records. For the purposes of this rule each loan originator
				applicant and each control person of a mortgage broker and mortgage lender
				license applicant shall be referred to collectively as "relevant persons." If
				the mortgage broker or mortgage lender license applicant is a natural person,
				he or she is a relevant person under this rule. As part of the application
				review process, the Office is required to consider a relevant person's law
				enforcement record when deciding whether to approve an application for
				licensure as a loan originator, mortgage broker, or mortgage lender. When
				conducting this review, the Office reviews the relevant person's Form MU2 or
				MU4 (NMLS Individual Form) responses and criminal history information derived
				from the fingerprint check. In the event of a question regarding the relevant
				person's criminal history, the Office will request additional information from
				the relevant person to determine the status of a criminal event, the specific
				facts and circumstances surrounding a criminal event, or to address other
				issues determined to be relevant to the review of the law enforcement record.
				The Office will notify the applicant of any specific documents that it requires
				in order to complete its review. The requested documents must be legible.
				Documentation that is typically requested includes:
(a) A copy of the police arrest affidavit,
				arrest report or similar document.
(b) A certified copy of the
				charges.
(c) A certified copy of
				the plea, judgment, and sentence where applicable.
(d) A certified copy of an order of entry
				into pre-trial intervention, and the order of termination of pre-trial
				intervention showing dismissal of charges where applicable.
(e) A certified copy of an order of
				termination of probation or supervised release, if applicable. If the requested
				documentation cannot be obtained, the relevant person shall submit evidence of
				that fact in order for the application to be deemed complete. Evidence that
				documentation cannot be obtained shall consist of a written statement on the
				letterhead of the agency that would be the custodian of the documents, signed
				by a representative of that agency, stating that they have no record of such
				matter, or that the record is lost or was damaged or destroyed, or otherwise
				stating why the document cannot be produced.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.002 - Adoption of Forms

Current through Reg. 50, No. 138; July 16, 2024
(1) The forms
				referred to in this section below are incorporated by reference and readopted
				by this rule for the purposes of Rules
				69V-40.001 -.285, F.A.C.:
(a) Registry Forms:
1. NMLS Company Form (Form MU1), Version 10.0
				dated and effective March 31, 2014, available at
www.flrules.org/Gateway/reference.asp?No=Ref-06104
.
2. NMLS Individual Form (Form MU2), Version
				8.9, dated and effective April 16, 2012, available at
www.flrules.org/Gateway/reference.asp?No=Ref-06105
.
3. NMLS Branch Form (Form MU3), Version 10.0
				dated and effective March 31, 2014, available at
www.flrules.org/Gateway/reference.asp?No=Ref-06106
.
4. NMLS Individual Form (Form MU4), Version
				8.9, dated and effective April 16, 2012, available at
www.flrules.org/Gateway/reference.asp?No=Ref-06107
.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.003 - Electronic Filing of Forms and Fees

Current through Reg. 50, No. 138; July 16, 2024
(1) All
				forms adopted under paragraph
				69V-40.002(1)(a),
				F.A.C., must be electronically filed through the Registry.
(2) Unless otherwise specifically instructed
				in this rule chapter all fees required in conjunction with an initial
				application, amendment, and license renewal must be filed electronically
				through the Registry.
(3) Annual
				Financial Audit Reports required in section
				494.0063, F.S., must be filed
				electronically through the Registry.
Rulemaking Authority
					 494.0011 (2)(a),
					 494.00611(2)(f),
					 494.0063 FS. Law Implemented 494.0011, 494.00611(2)(f),
					 494.0063
					 FS.
New 10-21-08, Amended 10-1-10,
					 11-9-15.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.00661 - Mortgage Lender Branch Office Renewal and Reactivation

Current through Reg. 50, No. 138; July 16, 2024
(1) In order to renew an active mortgage
				lender branch office license a licensee must complete the following
				requirements no later than December 31 of each calendar year in which the
				licensee wishes to renew the license:
(a)
				Submit a total payment of $225 paid through the Registry to the
				Office.
(b) For each of the
				applicant's control persons, authorize the Registry to obtain and make
				available to the Office an independent credit report, unless the control person
				is currently licensed as a loan originator.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.008 - Fees and Commissions

Current through Reg. 50, No. 138; July 16, 2024
(1) The total fee
				shall not exceed the maximum as prescribed in section
				494.0042(2),
				F.S.
(2)
(a) In determining the total loan origination
				fee, all compensation for the following services, by whatever name called,
				shall be included:
1. Arranging for a
				conditional mortgage loan commitment between a borrower and a lender,
2. Taking an application, assembling
				information and preparing all paperwork and documentation necessary for a
				conditional mortgage loan commitment,
3. Reviewing, analyzing, and evaluating a
				borrower's financial statements, income, and credit history; and,
4. Incidental services utilized in arranging
				for and procuring a conditional loan commitment, such as, courier services,
				express mailings, and long distance telephone charges, except as provided in
				subparagraph (3)(a)12., below.
5.
				Premiums and other charges for insurance written in connection with a loan,
				except as provided in subparagraph (3)(a)5., below.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.011 - Misleading Practice; Penalty

Current through Reg. 50, No. 138; July 16, 2024
The taking and recording of a mortgage is tantamount to a
				  commitment, and when funds are not available for immediate disbursement to the
				  mortgagor, such procedure will be considered a misleading and deceptive
				  practice, and to warrant suspension or revocation of the license of the
				  licensee who does so, unless, prior to such recording, the licensee informs the
				  mortgagor in writing of a definite date by which payment will be made, and
				  secures the mortgagor's written permission for the delay thus
				  entailed.
Rulemaking Authority 494.0011(2) FS. Law Implemented
					 494.00255 FS.
Revised 9-23-65, Formerly 3-3.11, 3D-40.11, 3D-40.11,
					 Amended 1-5-87, 7-25-96, Formerly 3D-40.011, Amended
					 11-9-15.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.0113 - Demonstrating Character, General Fitness, and Financial Responsibility

Current through Reg. 50, No. 138; July 16, 2024
(1) Definitions. As used in this rule, the
				term:
(a) "Adverse credit history information"
				means the following:
1. Personal bankruptcy
				within the previous year.
2.
				Bankruptcy within the previous year of any organization based on events that
				occurred while the relevant person was a control person.
3. Outstanding tax lien or other governmental
				lien.
4. Outstanding judgment based
				upon grounds of fraud, embezzlement, misrepresentation, or deceit.
5. Open collection account or charged-off
				account that remains unpaid, except accounts related solely to unpaid medical
				expenses.
6. Foreclosure on
				personally owned property within the last 5 years.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.015 - Payment of Guaranty Fund Claims (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011(2) FS. Law Implemented
					 494.0017 FS.
New 6-23-91, Amended 11-17-93, 7-25-96, Formerly 3D-40.015,
					 Repealed 3-23-08.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.020 - Changes of Address (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011(2) FS. Law Implemented
					 494.0031, 494.0032, 494.0033, 494.0034, 494.0036, 494.0039, 494.0061, 494.0062,
					 494.0064, 494.0065, 494.0066, 494.0067
					 FS.
New 10-1-91, Amended 8-24-93, 7-25-96, 12-12-99, Formerly
					 3D-40.020, Repealed 3-23-08.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.021 - Fictitious Name Registration (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011(2) FS. Law Implemented
					 494.0029(2)(e), 494.0041(2)(q), 494.0072(2)(q)
					 FS.
New 8-7-97, Formerly 3D-40.021, Amended 3-23-08, Repealed
					 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.022 - Quarterly Report Filing Requirements (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority
					 494.0011(2),
					 494.004(7),
					 494.0067(9) FS.
					 Law Implemented 494.0011(2), 494.004(7), 494.0067(9)
					 FS.
New 11-7-00, Formerly 3D-40.022, Amended 3-23-08, Repealed
					 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.025 - Mortgage Broker Examination (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011(2) FS. Law Implemented
					 494.0033(2)(b) FS.
New 10-1-91, Amended 6-8-92, Formerly 3D-40.025, Amended
					 3-23-08, 10-21-08, 3-4-09, Repealed
					 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.026 - Curriculum for Mortgage Broker Pre-licensing Classroom Education (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011(2), 494.0033(3) FS. Law
					 Implemented 494.0033 FS.
New 7-2-92, Amended 5-19-96, 12-9-01, Formerly 3D-40.026,
					 Repealed 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.027 - Mortgage Broker Pre-licensing Education Requirement (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011(2), 494.0016 FS. Law
					 Implemented 494.0016, 494.00295, 494.0033
					 FS.
New 7-5-92, Amended 11-5-95, 11-24-97, 8-22-99, 12-9-01,
					 Formerly 3D-40.027, Amended 3-23-08, Repealed
					 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.0271 - Professional Continuing Education Requirements for Mortgage Brokers, Loan Originators, and Principal Representatives (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011(2), 494.00295(4) FS. Law
					 Implemented 494.0016, 494.0029, 494.00295, 494.0034, 494.0064, 494.0067
					 FS.
New 12-9-01, Formerly 3D-40.0271, Amended 3-23-08, Repealed
					 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.028 - Permit for Mortgage Business School (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011(2), 494.0029(1), (3) FS. Law
					 Implemented 120.60(1), 494.0029 FS.
New 11-5-95, Amended 8-22-99, 12-9-01, Formerly 3D-40.028,
					 Amended 3-23-08, Repealed 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.0281 - Mortgage Business Schools Prohibited Practices and Advertising/Publicity (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011(2) FS. Law Implemented
					 494.0025, 494.0029, 494.00295 FS.
New 8-14-97, Amended 12-9-01, Formerly 3D-40.0281, Amended
					 3-23-08, Repealed 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.029 - Mortgage Business School Permit Renewal (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011(2), 494.0029(1), (3) FS. Law
					 Implemented 494.0029 FS.
New 11-5-95, Amended 8-22-99, 12-9-01, Formerly 3D-40.029,
					 Amended 3-23-08, Repealed 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.030 - Accreditation Process for a Mortgage Business School (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011(2) FS. Law Implemented
					 494.0029 FS.
New 11-5-95, Amended 8-22-99, 12-9-01, Formerly 3D-40.030,
					 Repealed 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.031 - Application Procedure for Mortgage Broker License (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 215.405, 494.0011(2) FS. Law
					 Implemented 120.60(1), 494.0033 FS.
New 10-30-86, Amended 1-30-89, 5-23-89, 11-28-89, 10-1-91,
					 6-8-92, 6-3-93, 6-6-93, 4-25-94, 5-14-95, 9-3-95, 11-24-97, 8-22-99, 12-12-99,
					 12-11-03, Formerly 3D-40.031, Amended 5-24-05, 3-23-08, 12-25-08, 3-4-09,
					 Repealed 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.0311 - Effect of Law Enforcement Records on Applications for Mortgage Broker Licensure (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011 FS. Law Implemented 112.011,
					 494.0033, 494.0041 FS.
New 12-2-08, Repealed
					 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.0312 - Application Procedure for Loan Originator License

Current through Reg. 50, No. 138; July 16, 2024
(1) Each individual desiring to obtain
				licensure as a loan originator shall apply to the Office of Financial
				Regulation by submitting the following:
(a) A
				completed NMLS Individual Form (Form MU4), filed through the
				Registry;
(b) The statutory
				nonrefundable application fee of $195 filed through the Registry;
(c) The statutory nonrefundable mortgage
				guaranty fund assessment fee of $20, if required by Section
				494.00172, F.S., filed through
				the Registry;
(d) Evidence that the
				applicant has been awarded a high school diploma or the equivalent;
(e) Confirmation from the Registry that the
				applicant has satisfied the requirement to complete a 20-hour pre-license class
				approved by the Registry, of which a minimum of 2 hours shall cover the
				provisions of Chapter 494, F.S., and rule Chapter 69V-40, F.A.C.;
(f) Confirmation from the Registry that the
				applicant has satisfied the requirement to pass a test developed by the
				Registry and administered by a provider approved by the Registry;
(g) Submit fingerprints to the Registry for
				submission to the Federal Bureau of Investigation for a federal criminal
				background check;
(h) Submit
				fingerprints to a live scan vendor approved by the Florida Department of Law
				Enforcement and published on the Florida Department of Law Enforcement's
				website (
http://www.fdle.state.fl.us/Content/Criminal-History/documents/ApplicantLivescanService-ProvidersVendors.aspx
)
				for submission to the Florida Department of Law Enforcement for a state
				criminal background check. The cost of fingerprint processing shall be borne by
				the applicant and paid directly to the live scan vendor;
(i) Authorize the Registry to obtain and make
				available to the Office an independent credit report on the
				applicant.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.0313 - Loan Originator License Renewal and Reactivation

Current through Reg. 50, No. 138; July 16, 2024
(1) In order to renew an active loan
				originator license a licensee must submit the following to the Office no later
				than December 31 of each calendar year in which the licensee wishes to renew
				the license:
(a) Submit a total payment of
				$176.00 paid through the Registry which includes the following:
1. $150 nonrefundable renewal fee;
2. $20 nonrefundable mortgage broker guaranty
				fund fee; and,
3. $6 to cover the
				cost of fingerprint retention as required to comply with section
				494.00313(1)(b),
				F.S.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.0321 - Application Procedure for a Mortgage Broker License

Current through Reg. 50, No. 138; July 16, 2024
(1) Each person desiring to obtain licensure
				as a mortgage broker shall apply to the Office of Financial Regulation by
				submitting the following:
(a) NMLS Company
				Form (Form MU1) filed through the Registry;
(b) The statutory nonrefundable application
				fee of $425 filed through the Registry;
(c) The statutory nonrefundable mortgage
				guaranty fund assessment fee of $100, if required by Section
				494.00172, F.S., filed through
				the Registry;
(d) Designate a
				qualified principal loan originator who meets the requirements of Section
				494.0035, F.S.;
(e) For each of the applicant's control
				persons, submit fingerprints to a live scan vendor approved by the Florida
				Department of Law Enforcement and published on the Florida Department of Law
				Enforcement's website (
http://www.fdle.state.fl.us/Content/Criminal-History/documents/ApplicantLivescanService-ProvidersVendors.aspx
)
				for submission to the Florida Department of Law Enforcement and the Federal
				Bureau of Investigation for a state criminal background check and a Federal
				criminal background check. The cost of fingerprint processing shall be borne by
				the applicant and paid directly to the live scan vendor;
(f) For each of the applicant's control
				persons, authorize the Registry to obtain and make available to the Office an
				independent credit report.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.0322 - Mortgage Broker License Renewal and Reactivation

Current through Reg. 50, No. 138; July 16, 2024
(1) In order to renew an active mortgage
				broker license a mortgage broker licensee must submit the following to the
				Office no later than December 31 of each calendar year in which the licensee
				wishes to renew the license:
(a) Submit a
				payment of $475 through the Registry for the following:
1. $375 nonrefundable renewal fee;
				and,
2. $100 nonrefundable mortgage
				broker guaranty fund fee;
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.033 - Disciplinary Guidelines for Mortgage Business Schools (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011(2), 494.0029 FS. Law
					 Implemented 494.0029, 494.0041 FS.
New 11-5-95, Amended 12-9-01, Formerly 3D-40.033, Repealed
					 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.0331 - Declaration of Intent to Engage Solely in Loan Processing

Current through Reg. 50, No. 138; July 16, 2024
(1) A person who seeks to act solely as a
				loan processor shall:
(a) Be licensed as a
				loan originator under Chapter 494, F.S., and must at all times thereafter
				remain licensed; and,
(b) Submit a
				completed Form OFR-494-13, Declaration of Intent to Engage Solely in Loan
				Processing, effective 04/2021, and available at
http://www.flrules.org/Gateway/reference.asp?No=Ref-12864
,
				to the Office via email at: OFR.NMLS@flofr.gov.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.036 - Application Procedure for a Mortgage Broker Branch Office License

Current through Reg. 50, No. 138; July 16, 2024
(1) Each mortgage broker desiring to obtain a
				mortgage broker branch office license shall apply to the Office of Financial
				Regulation by submitting the following:
(a) A
				completed NMLS Branch Form (Form MU3) is incorporated by reference in Rule
				69V-40.002, F.A.C., filed
				through the registry; and,
(b) The
				statutory nonrefundable application fee of $225 filed through the
				registry.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.0361 - Mortgage Broker Branch Office Renewal and Reactivation

Current through Reg. 50, No. 138; July 16, 2024
(1) In order to renew an active mortgage
				broker branch office license a licensee must complete the following
				requirements no later than December 31 of each calendar year in which the
				licensee wishes to renew the license:
(a)
				Submit a total payment of $225 paid through the Registry to the
				Office.
(b) For each of the
				applicant's control persons, authorize the Registry to obtain and make
				available to the Office an independent credit report, unless the control person
				is currently licensed as a loan originator.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.043 - Mortgage Broker License Renewal and Reactivation (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011(2), 494.0034(2) FS. Law
					 Implemented 494.001(3), 494.00295, 494.00331(1), 494.0034
					 FS.
New 11-2-86, Amended 6-23-91, 11-12-91, 9-3-95, 12-12-99,
					 2-5-01, 12-9-01, Formerly 3D-40.043, Amended 3-23-08, Repealed
					 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.051 - Application Procedure for Mortgage Brokerage Business License (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 215.405, 494.0011(2),
					 494.0031 (2) FS. Law Implemented
					 494.0031, 494.0035,
					 494.004(6),
					 943.053
					 FS.
New 10-30-86, Amended 1-30-89, 11-28-89, 10-1-91, 6-6-93,
					 5-14-95, 7-14-96, 11-24-97, 8-22-99, 12-12-99, 12-9-01, 12-11-03, Formerly
					 3D-40.051, Amended 3-23-08, 12-25-08, Repealed
					 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.0511 - Effect of Law Enforcement Records on Applications for Mortgage Brokerage Business Licensure (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011 FS. Law Implemented 112.011,
					 494.0031, 494.0041 FS.
New 12-2-08, Repealed
					 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.053 - Mortgage Brokerage Business License and Branch Office License Renewal and Reactivation (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011(2), 494.0032(2), 494.0036(2)
					 FS. Law Implemented 494.001(7),
					 494.0011(2),
					 494.0031(1),
					 494.0032,
					 494.0036
					 FS.
New 11-2-86, Amended 2-8-90, 10-1-91, 12-12-99, 11-1-00,
					 2-5-01, Formerly 3D-40.053, Amended 3-23-08, Repealed
					 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.058 - Application Procedure for Mortgage Brokerage Business Branch Office License (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011(2), 494.0036(2) FS. Law
					 Implemented 494.0036 FS.
New 10-1-91, Amended 6-6-93, 5-14-95, 8-22-99, 12-12-99,
					 Formerly 3D-40.058, Amended 3-23-08, Repealed
					 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.060 - Fees Earned Upon Obtaining a Bona Fide Commitment (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority 494.0011(2), 494.00421(7) FS. Law
					 Implemented 120.695, 494.0031, 494.00421, 494.0073
					 FS.
New 7-25-96, Formerly 3D-40.060, Repealed
					 10-1-10.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.0611 - Application Procedure for a Mortgage Lender License

Current through Reg. 50, No. 138; July 16, 2024
(1) Each person desiring to obtain licensure
				as a mortgage lender shall apply to the Office by submitting the following:
(a) A completed NMLS Company Form (Form MU1)
				filed through the Registry;
(b) The
				statutory nonrefundable application fee of $500 filed through the
				Registry;
(c) The statutory
				nonrefundable mortgage guaranty fund assessment fee of $100, if required by
				Section 494.00172, F.S., filed through
				the Registry;
(d) Designate a
				qualified principal loan originator who meets the requirements of section
				494.0035, F.S.;
(e) For each of the applicant's control
				persons, submit fingerprints to a live scan vendor approved by the Florida
				Department of Law Enforcement and published on the Florida Department of Law
				Enforcement's website (
http://www.fdle.state.fl.us/Content/Criminal-History/documents/ApplicantLivescanService-ProvidersVendors.aspx
)
				for submission to the Florida Department of Law Enforcement and the Federal
				Bureau of Investigation for a state criminal background check and a Federal
				criminal background check. The cost of fingerprint processing shall be borne by
				the applicant and paid directly to the live scan vendor;
(f) For each of the applicant's control
				persons, authorize the Registry to obtain and make available to the Office an
				independent credit report;
(g)
				Submit a copy of the applicant's financial audit report in compliance with
				Section 494.00611(2)(f),
				F.S.
Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-40 - MORTGAGE BROKERAGE › Section 69V-40.0612 - Mortgage Lender License Renewal and Reactivation

Current through Reg. 50, No. 138; July 16, 2024
(1) In order to renew an active mortgage
				lender license a mortgage lender licensee must submit the following to the
				Office no later than December 31 of each calendar year in which the licensee
				wishes to renew the license:
(a) Submit a
				payment of $575 through the Registry for the following:
1. $475 nonrefundable renewal fee;
				and,
2. $100 nonrefundable mortgage
				guaranty fund fee.