summary
Introduced
09/15/2017
09/15/2017
In Committee
Crossed Over
Passed
Dead
03/11/2018
03/11/2018
Introduced Session
2018 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 certain securities dealers, investment advisers, and associated persons registered under Section 517.12. These individuals can solicit or offer to solicit a mortgage loan from a securities client or refer a securities client to an entity exempt under the bill, as long as they do not accept or offer to accept a mortgage loan application, negotiate the terms of a new or existing mortgage loan, or negotiate the sale of an existing mortgage loan to a non-institutional investor. Any solicitation or referral made under this exemption must comply with Chapter 517, the federal Real Estate Settlement Procedures Act, and other applicable federal and state laws.
Sponsors (1)
Last Action
Withdrawn prior to introduction (on 09/19/2017)
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/2018/282 |
| BillText | http://www.flsenate.gov/Session/Bill/2018/282/BillText/Filed/HTML |
| Bill | http://www.flsenate.gov/Session/Bill/2018/282/BillText/Filed/PDF |
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