28524322, 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: 28524322

Notice of Proposed Rule

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; incorporate amended Form OFR-MIL-001; remove the duplicative incorporation of Form OFR-MIL-001; incorporate new form OFR-494-15; conform to Chapter 2023-205, Laws of Florida; and conform to Chapter No. 2024-134, Laws of Florida.

SUMMARY:

The amendments will 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.

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(2), 494.00612(1), 494.0066(2), 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:

7/9/2024 Vol. 50/133

COMMENTS:

From 7/9/2024 To 7/30/2024 (21 Days)
The public comment period for this notice has already expired.

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.