summary
Introduced
09/27/2017
09/27/2017
In Committee
02/01/2018
02/01/2018
Crossed Over
01/31/2018
01/31/2018
Passed
02/27/2018
02/27/2018
Dead
Signed/Enacted/Adopted
03/22/2018
03/22/2018
Introduced Session
2018 Regular Session
Bill Summary
Provides exemption from regulation under parts I & II of ch. 494, F.S., for certain securities dealers, investment advisors, & associated persons; provides requirements for certain solicitations & referrals.
AI Summary
This bill provides an exemption from regulation under Part I and Part II of Chapter 494 of the Florida Statutes for certain securities dealers, investment advisors, and associated persons registered under Section 517.12. These individuals can solicit or refer mortgage loan clients to licensed mortgage brokers, lenders, or registered loan originators, as long as they do not directly accept applications, negotiate loan terms, or negotiate the sale of existing mortgages to non-institutional investors. Any such solicitation or referral must comply with Chapter 517, the federal Real Estate Settlement Procedures Act, and other applicable federal and state laws.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Chapter No. 2018-44 (on 03/22/2018)
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/2018/193 |
| Bill | http://www.flsenate.gov/Session/Bill/2018/193/BillText/er/PDF |
| Bill | http://www.flsenate.gov/Session/Bill/2018/193/BillText/Filed/PDF |
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