27405039, 69V-40.111 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 27405039

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Finance

Chapter:

MORTGAGE BROKERAGE

Overview

RULE:

69V-40.111

Disciplinary Guidelines

PURPOSE:

The purpose and effect is to amend existing rules to conform to and implement Chapter No. 2023-130, Laws of Florida, which was signed into law on May 24, 2023 and went into effect on July 1, 2023. The law authorizes mortgage lenders to transact business from branch offices & remote locations and provides requirements for operating from remote locations. In addition, the rule and incorporated material will be amended to revise penalty provisions.

SUMMARY:

Once amended, the rule will provide administrative penalties for persons who fail to adhere to statutory provisions related to business transaction locations and the supervision of remote locations. In addition, the amendments will revise certain penalty provisions in the rule and incorporated material.

RULEMAKING AUTHORITY:

494.0011(2)

LAW:

494.0016, 494.00165, 494.0023, 494.0025, 494.00255, 494.0026, 494.00296, 494.00331, 494.0035, 494.0036, 494.0038, 494.0039, 494.004, 494.0042, 494.0043, 494.0063, 494.00665, 494.0067, 494.0069, 494.007, 494.0071, 494.00721, 494.0075, 494.0076

PRINT PUBLISH DATE:

1/12/2024 Vol. 50/09

COMMENTS:

From 1/12/2024 To 2/2/2024 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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