Bill > S0314

This bill provides an exemption from regulation under parts I and II of chapter 494 of the 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 exempt entity, a licensed mortgage broker, a licensed mortgage lender, or a registered loan originator, as long as they do not accept or offer to accept a mortgage loan application, negotiate or offer to negotiate the terms or conditions of a new or existing mortgage loan, or negotiate or offer to negotiate the sale of an existing mortgage loan to a non-institutional investor. Any such solicitation or referral must comply with chapter 517, the federal Real Estate Settlement Procedures Act, and any other applicable federal or state laws.

Business and Industry

http://www.flsenate.gov/Session/Bill/2018/314