Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Part I - General Provisions (Ss. 494.001-494.00296)
494.001 - Definitions. - (1) “Borrower” means a person obligated to repay a mortgage...
494.0011 - Powers and duties of the commission and office. - (1) The office shall be responsible for the administration and...
494.00115 - Exemptions. - (1) The following are exempt from regulation under this part...
494.0012 - Investigations; complaints; examinations. - (1) The office may conduct an investigation of any person...
494.00125 - Public records exemptions. - (1) INVESTIGATIONS OR EXAMINATIONS.— (a) Except as otherwise provided by...
494.0013 - Injunction to restrain violations. - (1) The office may bring action through its own counsel...
494.00135 - Subpoenas. - (1) The office may: (a) Issue and serve subpoenas and...
494.0014 - Cease and desist orders; refund orders. - (1) The office may issue and serve upon any person...
494.0015 - Evidence; examiner’s worksheets, investigative reports, other related documents. - History.—ss. 6, 50, ch. 91-245; s. 4, ch. 91-429.
494.0016 - Books, accounts, and records; maintenance; examinations by the office. - (1) Each licensee shall maintain, at the principal place of...
494.00165 - Prohibited advertising; record requirements. - (1) It is a violation of this chapter for any...
494.00172 - Mortgage Guaranty Trust Fund; payment of fees and claims. - (1) If the amount in the trust fund exceeds $5...
494.00173 - Mortgage Guaranty Trust Fund; creation. - (1) The Mortgage Guaranty Trust Fund is created within, and...
494.0018 - Penalties. - (1) Whoever knowingly violates any provision of s. 494.00255(1)(a), (b),...
494.0019 - Liability in case of unlawful transaction. - (1) If a mortgage loan transaction is made in violation...
494.002 - Statutory or common-law remedies. - History.—ss. 11, 50, ch. 91-245; s. 4, ch. 91-429; s....
494.0022 - Applicability of act. - History.—ss. 13, 50, ch. 91-245; s. 4, ch. 91-429.
494.0023 - Conflicting interest. - (1) If, in a mortgage transaction, a licensee has a...
494.0024 - Waiver. - History.—ss. 15, 50, ch. 91-245; s. 4, ch. 91-429.
494.0025 - Prohibited practices. - (1) To act as a loan originator in this state...
494.00255 - Administrative penalties and fines; license violations. - (1) Each of the following acts constitutes a ground for...
494.0026 - Disposition of insurance proceeds. - (1) The mortgagee or assignee must promptly endorse a check,...
494.00296 - Loan modification. - (1) PROHIBITED ACTS.—When offering or providing loan modification services, a...
Part II - Mortgage Brokers (Ss. 494.00312-494.0043)
494.00312 - Loan originator license. - (1) An individual who acts as a loan originator must...
494.00313 - Loan originator license renewal. - (1) In order to renew a loan originator license, a...
494.00321 - Mortgage broker license. - (1) Each person who acts as a mortgage broker must...
494.00322 - Mortgage broker license renewal. - (1) In order to renew a mortgage broker license, a...
494.00331 - Loan originator and loan processor employment. - (1) LOAN ORIGINATORS.—An individual may not act as a loan...
494.0035 - Principal loan originator and branch manager for mortgage broker. - (1) Each mortgage broker must be operated by a principal...
494.0036 - Mortgage broker branch office license. - (1) Each branch office of a mortgage broker must be...
494.0038 - Mortgage broker fees. - (1) Any third-party fee entrusted to a mortgage broker must...
494.0039 - Principal place of business requirements. - History.—ss. 26, 50, ch. 91-245; s. 4, ch. 91-429; s....
494.004 - Requirements of licensees. - (1) Each licensee under this part shall report to the...
494.0042 - Loan origination fees. - (1) A loan origination fee earned by a licensee, pursuant...
494.0043 - Requirements for brokering loans to noninstitutional investors. - (1) A loan originator, when arranging a mortgage loan for...
Part III - Mortgage Lenders (Ss. 494.00611-494.0077)
494.00611 - Mortgage lender license. - (1) Each person who acts as a mortgage lender must...
494.00612 - Mortgage lender license renewal. - (1) In order to renew a mortgage lender license, a...
494.0063 - Audited financial statements. - History.—ss. 34, 50, ch. 91-245; s. 4, ch. 91-429; s....
494.0066 - Branch offices. - (1) Each branch office of a mortgage lender must be...
494.00665 - Principal loan originator and branch manager for mortgage lender. - (1) Each mortgage lender business must be operated by a...
494.0067 - Requirements of mortgage lenders. - (1) A mortgage lender that makes mortgage loans on real...
494.0069 - Lock-in agreement. - (1) Each lock-in agreement must be in writing and must...
494.007 - Commitment process. - (1) If a commitment is issued, the mortgage lender shall...
494.0071 - Expiration of lock-in agreement or commitment. - History.—ss. 42, 50, ch. 91-245; s. 4, ch. 91-429; s....
494.00721 - Net worth. - (1) The net worth requirements in s. 494.00611 shall be...
494.0073 - Mortgage lender when acting as a mortgage broker. - History.—ss. 44, 50, ch. 91-245; s. 4, ch. 91-429; s....
494.0074 - Lender fees and charges. - (1) In a mortgage financing transaction, fees designated as loan...
494.0075 - Requirements for selling loans to noninstitutional investors. - (1) A mortgage lender, when selling a mortgage loan to...
494.0076 - Servicing audits. - (1)(a) Each licensee under this part who services mortgage loans...
494.0077 - Other products and services. - History.—ss. 49, 50, ch. 91-245; s. 4, ch. 91-429; s....