6340131, 69V-40.025 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 6340131

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Finance

Chapter:

MORTGAGE BROKERAGE

Overview

RULE:

69V-40.025	Mortgage Broker Examination (Repealed)
69V-40.031	Application Procedure for Mortgage Broker License (Repealed)
69V-40.100	Application Procedure for Transfer in Ownership or Control of Saving Clause Mortgage Lender (Repealed)
69V-40.200	Application Procedure for Mortgage Lender License (Repealed)
69V-40.220	Application Procedure for Correspondent Mortgage Lender License (Repealed)
69V-40.242	Principal Representative (Repealed)

PURPOSE:

During the regular 2008 legislative session, the Florida Legislature passed House Bill 5049. This bill amends Section 494.0033, F.S., to require the Office of Financial Regulation to make available an electronic version of the mortgage broker test by December 31, 2008. Persons required to take the mortgage broker test are required to bear the actual cost for the electronic version of the test; however, the fee may not exceed $75. House Bill 5049 was signed into law (Chapter 2008-135, Laws of Florida) by Governor Crist. The proposed rules implement these statutory requirements.
SUMMARY: The Office has contracted with a third party to administer the mortgage broker test. The third party will be delivering the test in an electronic format at testing centers located throughout the state at a cost to the Office of $43 per test.  Any person required to take the mortgage broker test is responsible for paying for the actual cost of the test, which is $43.  If a person fails the test and wishes to take the test again, the cost of the retake is $43.

SUMMARY:

The Office has contracted with a third party to administer the mortgage broker test. The third party will be delivering the test in an electronic format at testing centers located throughout the state at a cost to the Office of $43 per test.  Any person required to take the mortgage broker test is responsible for paying for the actual cost of the test, which is $43.  If a person fails the test and wishes to take the test again, the cost of the retake is $43.

RULEMAKING AUTHORITY:

494.0011, 494.0033, 494.0016, 494.0061, 494.0062, 494.0065, 494.0067 FS.

LAW:

120.60, 120.695, 494.0033, 494.0061, 494.0062, 494.0065, 494.0067 FS.

PRINT PUBLISH DATE:

11/7/2008 Vol. 34/45

COMMENTS:

From 11/7/2008 To 11/28/2008 (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.