Description FLORIDA MORTGAGE LENDER SERVICER LICENSE
Description
FLORIDA MORTGAGE LENDER SERVICER LICENSE
Who is required to have this license?
This licensing endorsement is required for any mortgage lender licensee who services a mortgage loan.
"Servicing a mortgage loan" means to receive, cause to be received, or transferred for another, installment payments of principal, interest, or other payments pursuant to a mortgage loan. A "servicing endorsement" means authorizing a mortgage lender to service a loan for more than 4 months.
Who does not need this license?
A person acting in a fiduciary capacity conferred by the authority of a court. A person who, as a seller of his or her own real property, receives one or more mortgages in a
purchase money transaction. A person who acts solely under contract and as an agent for federal, state, or municipal agencies
for the purpose of servicing mortgage loans. A person who makes only nonresidential mortgage loans and sells loans only to institutional
investors. An individual making or acquiring a mortgage loan using his or her own funds for his or her own
investment, and who does not hold himself or herself out to the public as being in the mortgage lending business. An individual selling a mortgage that was made or purchased with that individual's funds for his or her own investment, and who does not hold himself or herself out to the public as being in the mortgage lending business.
Pre-requisites for license applications?
Refer to the Florida Mortgage Lender Servicer New Application Checklist document located on the NMLS Resource Center website Mortgage Lender Servicer new application checklist
WHO TO CONTACT ? Contact Bureau of Regulatory Review - Finance licensing staff by phone at 850-410-9895 for additional assistance.
THE APPLICANT/LICENSEE IS FULLY RESPONSIBLE FOR ALL OF THE REQUIREMENTS OF THE LICENSE FOR WHICH THEY ARE APPLYING. THE JURISDICTION SPECIFIC REQUIREMENTS CONTAINED HEREIN ARE FOR GUIDANCE ONLY TO FACILITATE APPLICATION THROUGH THE NMLS. SHOULD YOU HAVE QUESTIONS, PLEASE CONSULT LEGAL COUNSEL.
YOU ARE NOT AUTHORIZED TO ENGAGE IN FLORIDA REGULATED MORTGAGE ORIGINATION ACTIVITIES UNTIL YOU HAVE BEEN GRANTED A LICENSE ISSUED BY THE FLORIDA OFFICE OF FINANCIAL REGULATION.
Updated: 12/13/2011
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