summary
Introduced
02/28/2017
02/28/2017
In Committee
03/14/2017
03/14/2017
Crossed Over
Passed
Dead
05/05/2017
05/05/2017
Introduced Session
2017 Regular Session
Bill Summary
Revising the definition of the term "mortgage loan"; providing a definition for the term "hold himself or herself out to the public as being in the mortgage lending business", etc.
AI Summary
This bill revises the definition of "mortgage loan" to include loans on commercial real property if the borrower is an individual or the lender is a non-institutional investor, as well as loans on improved real property consisting of five or more dwelling units if the borrower is an individual or the lender is a non-institutional investor. It also provides a definition for the term "hold himself or herself out to the public as being in the mortgage lending business," which includes activities such as advertising, soliciting, or conducting business in a way that implies the person is a licensed mortgage lender. The bill will take effect on January 1, 2018.
Committee Categories
Business and Industry
Sponsors (1)
Other Sponsors (1)
Banking and Insurance (Senate)
Last Action
Died in Rules (on 05/05/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.flsenate.gov/Session/Bill/2017/1298 |
| BillText | http://www.flsenate.gov/Session/Bill/2017/1298/BillText/c1/HTML |
| Bill | http://www.flsenate.gov/Session/Bill/2017/1298/BillText/c1/PDF |
| Senate Committee Amendment #395062 | http://www.flsenate.gov/Session/Bill/2017/1298/Amendment/395062/HTML |
| BillText | http://www.flsenate.gov/Session/Bill/2017/1298/BillText/Filed/HTML |
| Bill | http://www.flsenate.gov/Session/Bill/2017/1298/BillText/Filed/PDF |
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