Florida Leg

Florida Business-Purpose Checklist

By |2019-05-10T15:40:36-05:00May 10th, 2019|Advocacy|0 Comments

How to determine what qualifies as a business purpose mortgage loan Florida House Bill 935 goes into effect July 1, 2019. It adds stiff penalties for misrepresenting a consumer mortgage loan as a business purpose mortgage loan. The former requires a mortgage lender license to transact. Violations are punishable at minimum as third-degree felonies. We’ve [...]

By |2019-05-10T15:40:36-05:00May 10th, 2019|Advocacy|0 Comments

Florida Passes Common Sense Regulation

By |2021-06-08T13:25:24-05:00August 15th, 2018|Advocacy, News|0 Comments

Florida Removed Licensing Requirement for Private Lenders On March 21, 2018, Governor Rick Scott signed Florida House Bill 935 (“HB 935”) into law. Those who have been tracking this bill will know that the original legislation required a mortgage lender license for any lender making a loan secured by a 1-4 family residential property (“Dwelling”), [...]

By |2021-06-08T13:25:24-05:00August 15th, 2018|Advocacy, News|0 Comments

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