Private Lender Support an Amendment to FL SB 1730

/Private Lender Support an Amendment to FL SB 1730

Support an Amendment to FL SB 1730

By |2019-04-24T12:29:59+00:00April 22nd, 2019|Legislation|0 Comments

UPDATE 4/24: Senator Stargel withdrew amendment 356486 during Tuesday’s Committee on Rules meeting.

Act to oppose Section 7 of SB 1730 Now

Currently, Florida Senate Bill 1730 contains language that would require a mortgage lender license to transact any loan secured by a dwelling. This language would sunset a long-standing exemption that allows private lenders to extend capital to business-purpose borrowers without a license.

Amendment 356486 by Senator Stargel on the Senate Committee on Rules removes this controversial language, maintaining the existing exemption. Specifically, the amendment deletes lines 433-447 of SB 1730.

It is important that you show your support for this amendment.

SB 1730 is a popular bill that is likely to pass, and otherwise addresses Florida matters unrelated to mortgage lender licensing. Supporting the removal of the mortgage lender licensing language while the bill is still in committee and before it appears before the larger senate is crucial.

How to show your support:

  1. Contact Senator Stargel’s office by phone or email. Although non-form letters and calls are best, we have a sample here for your use.
  2. Contact the other legislators on the Senate Committee on Rules to express your support.
  3. Go to the public Committee on Rules meeting to express support in person.

Information about attending the Committee on Rules meeting

Review Date: Tuesday, April 23
Time: 2 -6 p.m. EST
Location: Toni Jennings Committee Room, 110 Senate Building
Address: 404 S. Monroe, Tallahassee, FL 32399

  1. Fill and bring an Appearance Record (the Committee also has them available as you walk in).
  2. Arrive at the meeting shortly before 2 p.m.
  3. Give the Appearance Record to Committee Staff.
  4. The Committee Chair may call the bill for review at any time during the meeting.
  5. You will be called to speak for 1-3 minutes during the bill’s review period. (You may also show your opposition to the bill WITHOUT speaking by filling in the “Waive Speaking: Against” section of the Appearance Record Form)
  6. If you wish, you may leave after the bill is reviewed.
By |2019-04-24T12:29:59+00:00April 22nd, 2019|Legislation|0 Comments

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