Florida Regulations 69V-40.176: Reports of Condition
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The Standard Mortgage Call Report – Form-MCR-01, effective 04-15-2015; incorporated by reference and adopted by this rule, and available at http://www.flrules.org/Gateway/reference.asp?No=Ref-06113, and the Expanded Mortgage Call Report – Form-MCR-02, effective 04-15-2015; incorporated by reference and adopted by this rule, and available at http://www.flrules.org/Gateway/reference.asp?No=Ref-06114, as required by the NMLS, each contain Residential Mortgage Loan Activity (RMLA) and Financial Condition (FC) components.
(1) Mortgage lenders that are an approved Fannie Mae, Freddie Mac Seller/Servicers, or Ginnie Mae Issuer must submit the complete Expanded Mortgage Call Report through NMLS within 45 days of the end of each calendar quarter.
(2) Mortgage lenders that are not an approved Fannie Mae, Freddie Mac Seller/Servicers, or Ginnie Mae Issuer must submit:
(a) The Residential Mortgage Loan Activity component of the standard mortgage call report within 45 days of the end of each calendar quarter; and,
(b) The Financial Condition component of the Standard Mortgage Call Report within 90 days of their fiscal year end.
(3) Mortgage brokers that are not an approved Fannie Mae, Freddie Mac Seller/Servicers, or Ginnie Mae Issuer must submit:
(a) The Residential Mortgage Loan Activity component of the standard mortgage call report within 45 days of the end of each calendar quarter; and,
(b) The Financial Condition component of the Standard Mortgage Call Report within 90 days of their fiscal year end.
Rulemaking Authority 494.0011(2), 494.004, 494.0067 FS. Law Implemented 494.004, 494.0067 FS. History-New 11-30-15.
Terms Used In Florida Regulations 69V-40.176
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
(2) Mortgage lenders that are not an approved Fannie Mae, Freddie Mac Seller/Servicers, or Ginnie Mae Issuer must submit:
(a) The Residential Mortgage Loan Activity component of the standard mortgage call report within 45 days of the end of each calendar quarter; and,
(b) The Financial Condition component of the Standard Mortgage Call Report within 90 days of their fiscal year end.
(3) Mortgage brokers that are not an approved Fannie Mae, Freddie Mac Seller/Servicers, or Ginnie Mae Issuer must submit:
(a) The Residential Mortgage Loan Activity component of the standard mortgage call report within 45 days of the end of each calendar quarter; and,
(b) The Financial Condition component of the Standard Mortgage Call Report within 90 days of their fiscal year end.
Rulemaking Authority 494.0011(2), 494.004, 494.0067 FS. Law Implemented 494.004, 494.0067 FS. History-New 11-30-15.