28456616, 69V-40.002 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 28456616

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Finance

Chapter:

MORTGAGE BROKERAGE

Overview

RULE:

69V-40.002	Adoption of Forms
69V-40.0312	Application Procedure for Loan Originator License
69V-40.0313	Loan Originator License Renewal and Reactivation
69V-40.176	Reports of Condition

PURPOSE:

The purpose and effect is to amend existing rules to incorporate amended federal forms MU1, MU2, MU3, MU4, and MCR-01, which have been revised since last incorporated by reference in the rule. Additionally, the amendments will incorporate amended Form OFR-MIL-001. Form OFR-MIL-001 is being amended to conform to Chapter 2023-205, Laws of Florida, which eliminated the requirement that issuer/dealers register with the Office; to require loan originators to email the form and supporting documentation to the Office; and to remove the duplicative incorporation of Form OFR-MIL-001 in Rules 69V-40.0312 and 69V-40.0313, Florida Administrative Code. In addition, the amendments will incorporate new form OFR-494-15, which will conform to Chapter No. 2024-134, Laws of Florida, which requires the Office to prescribe, via rulemaking, criteria and processes for determining whether an organization is and remains a bona fide nonprofit organization.

SUBJECT:

Consumer Finance

RULEMAKING AUTHORITY:

494.0011(2), 494.0016(4), 494.00312, 494.00313, 494.00321(2), 494.00322(1), 494.00331(2), 494.0036, 494.004, 494.00611, 494.004, 494.00611, 494.0067 FS

LAW:

494.0011(2), 494.0016, 494.00312, 494.00313, 494.00321, 494.00322, 494.00331, 494.0036, 494.004, 494.00611, 494.00612, 494.0066, 494.0067 FS

PRINT PUBLISH DATE:

6/25/2024 Vol. 50/124

RELATED STATUTES
AND LAWS:

494.0011(2), 494.0016(4), 494.00312, 494.00313, 494.00321(2), 494.00322(1), 494.00331(2), 494.0036, 494.004, 494.00611, 494.004, 494.00611, 494.0067 FS, 494.0011(2), 494.0016, 494.00312, 494.00313, 494.00321, 494.00322, 494.00331, 494.0036, 494.004, 494.00611, 494.00612, 494.0066, 494.0067 FS

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=69V-40.002&PDate=6/25/2024&Section=1

REFERENCE MATERIALS:

No reference(s).

Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.