5949027, 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: 5949027

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Finance

Chapter:

MORTGAGE BROKERAGE

Overview

RULE:

69V-40.002	Adoption of Forms
69V-40.031	Application Procedure for Mortgage Broker License (Repealed)
69V-40.051	Application Procedure for Mortgage Brokerage Business License (Repealed)
69V-40.100	Application Procedure for Transfer in Ownership or Control of Saving Clause Mortgage Lender (Repealed)
69V-40.200	Application Procedure for Mortgage Lender License (Repealed)
69V-40.220	Application Procedure for Correspondent Mortgage Lender License (Repealed)

PURPOSE:

The rules are being amended to increase fingerprint processing fees from $42.25 to $43.25. The current fee of $42.25 represents $23 charged by the Florida Department of Law Enforcement for a state criminal history check and $19.25 charged by the U.S. Department of Justice for a national criminal history check. During the 2008 regular session, the Florida Legislature passed Senate Bill 1792. This bill was signed into law (Chapter 2008-112, Laws of Florida) by Governor Crist on June 10, 2008. Effective July 1, 2008, the Florida Department of Law Enforcement will be increasing its fingerprint processing fee to $24 as required by Section 1 of Chapter 2008-112, Laws of Florida, which amends Section 943.053(3)(b), Florida Statutes. Also during the regular 2008 legislative session, the Florida Legislature passed House Bill 5049, which amended Section 494.0033, F.S., to reduce the mortgage broker license application fee from $200 to $195. This bill was signed into law (Chapter 2008-135, Laws of Florida) by Governor Crist. Form OFR-494-03, Application for Licensure as a Mortgage Broker, which is incorporated by reference in Rule 69V-40.002, F.A.C., is amended to reflect the reduction in the license application fee.

SUMMARY:

Increases fingerprint processing fees for persons subject to Chapter 494, F.S., relating to Mortgage Brokering and Mortgage Lending. Reduces the mortgage broker license application fee.

RULEMAKING AUTHORITY:

215.405, 494.0011(2), 494.0031(2), 494.0061(3), 494.0062, 494.0065(3) FS.

LAW:

120.60, 494.001(30), 494.0025, 494.0031, 494.0033, 494.0035, 494.004(6), 494.0041, 494.0042, 494.0061, 494.0062, 494.0065, 494.0067, 943.053 FS.

PRINT PUBLISH DATE:

9/26/2008 Vol. 34/39

COMMENTS:

From 9/26/2008 To 10/17/2008 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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