summary
Introduced
12/07/2017
12/07/2017
In Committee
02/28/2018
02/28/2018
Crossed Over
02/28/2018
02/28/2018
Passed
03/01/2018
03/01/2018
Dead
Signed/Enacted/Adopted
03/22/2018
03/22/2018
Introduced Session
2018 Regular Session
Bill Summary
Defining the term "business purpose loan"; defining the term "hold himself or herself out to the public as being in the mortgage lending business"; prohibiting the misrepresentation of a residential mortgage loan as a business purpose loan, etc.
AI Summary
This bill defines the term "business purpose loan" and prohibits the misrepresentation of a residential mortgage loan as a business purpose loan. It also defines what it means to "hold oneself out to the public as being in the mortgage lending business," including through advertising, solicitation, or maintaining a commercial business establishment. The bill amends existing law to make it unlawful to misrepresent a residential mortgage loan as a business purpose loan. The penalties for violations of these provisions are also outlined in the bill.
Committee Categories
Business and Industry
Sponsors (1)
Other Sponsors (1)
Commerce Committee (House)
Last Action
Chapter No. 2018-61 (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/2018/935 |
| Bill | http://www.flsenate.gov/Session/Bill/2018/935/BillText/er/PDF |
| Bill | http://www.flsenate.gov/Session/Bill/2018/935/BillText/e1/PDF |
| House Floor Strike All Amendment #316819 | http://www.flsenate.gov/Session/Bill/2018/935/Amendment/316819/PDF |
| Bill | http://www.flsenate.gov/Session/Bill/2018/935/BillText/c1/PDF |
| House Committee Amendment #773451 | http://www.flsenate.gov/Session/Bill/2018/935/Amendment/773451/PDF |
| Bill | http://www.flsenate.gov/Session/Bill/2018/935/BillText/Filed/PDF |
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