Bill

Bill > S0830


FL S0830

FL S0830
Mortgage Brokering


summary

Introduced
02/09/2017
In Committee
02/23/2017
Crossed Over
Passed
Dead
Vetoed
05/02/2017

Introduced Session

2017 Regular Session

Bill Summary

Providing an exemption from regulation under parts I and II of ch. 494, F.S., for certain securities dealers, investment advisers, and associated persons; providing requirements for certain solicitations and referrals, etc.

AI Summary

This bill provides an exemption from regulation under parts I and II of Chapter 494, Florida Statutes, for securities dealers, investment advisers, and associated persons registered under Section 517.12, if they solicit or refer clients to mortgage lenders and brokers, but do not accept mortgage loan applications, negotiate loan terms, or negotiate the sale of existing mortgages. The bill also requires any such solicitations or referrals to comply with Chapter 517, the federal Real Estate Settlement Procedures Act, and other applicable laws.

Committee Categories

Business and Industry

Sponsors (1)

Other Sponsors (2)

Banking and Insurance (Senate), Regulated Industries (Senate)

Last Action

Laid on Table (on 05/02/2017)

bill text


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