Florida Regulations 69V-40.066: Application Procedure for a Mortgage Lender Branch Office License
Current as of: 2024 | Check for updates
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(1) Each mortgage lender desiring to obtain a mortgage lender branch office license shall apply to the Office of Financial Regulation by submitting the following:
(a) A completed NMLS Branch Form (Form MU3) is incorporated by reference in Fl. Admin. Code R. 69V-40.002 filed through the Registry; and,
(b) The statutory nonrefundable application fee of $225 filed through the Registry.
(2) Request for additional information. The Office shall review each mortgage lender branch office application and inform the licensee of any request for additional information required to complete its review. The additional information must be received by the Office within 45 days from the date of the request. The Office will grant a request for an additional forty-five (45) days to submit the additional information. The Office will not grant a request after the original forty-five (45) day deadline has passed. Failure to provide timely all additional information shall result in the application being deemed abandoned, which will result in the application being removed from further consideration by the Office and closed.
Rulemaking Authority 494.0011(2), 494.0066 FS. Law Implemented 494.0011(2), 494.0066 FS. History-New 10-1-10, Amended 11-9-15, 1-18-21.
Terms Used In Florida Regulations 69V-40.066
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(b) The statutory nonrefundable application fee of $225 filed through the Registry.
(2) Request for additional information. The Office shall review each mortgage lender branch office application and inform the licensee of any request for additional information required to complete its review. The additional information must be received by the Office within 45 days from the date of the request. The Office will grant a request for an additional forty-five (45) days to submit the additional information. The Office will not grant a request after the original forty-five (45) day deadline has passed. Failure to provide timely all additional information shall result in the application being deemed abandoned, which will result in the application being removed from further consideration by the Office and closed.
Rulemaking Authority 494.0011(2), 494.0066 FS. Law Implemented 494.0011(2), 494.0066 FS. History-New 10-1-10, Amended 11-9-15, 1-18-21.