||Below you will find information on the following
topics for Florida: Mortgage Broker Licensing, Mortgage
Broker Training, Mortgage Broker License Requirements, Florida
Mortgage Laws and Regulations, Mortgage Broker Schools, etc.
If you would like to find information about another state then
here and select the state.
Florida Mortgage License and Education Information
|| The Office of Financial
Regulation, Department of Banking and Finance regulates the Florida State
Mortgage Broker Licensing.
According to the definition, an individual person who acts as an associate
for either a licensed mortgage broker business or any lender licensed under
Chapter 494, F.S. A licensed mortgage broker is authorized to solicit mortgage
loans on behalf of a borrower, to accept an application, and to negotiate terms
and conditions of a mortgage loan on behalf of a lender.
Section 494.0033, F.S., requires any person applying for a mortgage brokerage
license after July 1, 1992, to have completed twenty-four (24) hours of classroom
education prior to becoming licensed. The curriculum for the education shall
cover primary and subordinated financing transactions, the provisions of Chapter
494, F.S., and Chapter 3D-40, F.A.C., federal statutes which apply to the financing
of real estate, current and accepted mortgage principles and technical information
basic to the mortgage broker profession.
Qualifying hours may be obtained by attendance at a duly permitted and accredited
Mortgage Business School or an accredited college, university, community college,
or area vocational-technical school in this State which offers the twenty-four
(24) hour mortgage brokerage training course. It is required that the applicant
receive a passing score of 75 or greater on the examination.
A list of the Mortgage Business Schools offering accredited Continuing Education
training can be found here.
To be eligible to receive compensation, a mortgage broker must be an associate
of a Mortgage Brokerage Business and cannot be an associate of more than one
Mortgage Brokerage Business at the same time. An associate mortgage broker can
be an employee or an independent contractor and must prominently display his
license in the office where he acts as a Mortgage Broker.
Each person desiring to obtain licensure as a mortgage broker shall apply to
the Department by submitting the following:
- A completed Application
for Licensure as a Mortgage Broker. The application must be completed
and signed within thirty (30) days prior to receipt by the Department.
- The statutory, non-refundable application.
- A completed fingerprint card accompanied by non-refundable processing fee.
- Evidence that the applicant has completed the mortgage broker education
For more information, visit Bureau
of Regulatory Review, Office of Financial Regulation.
Major Cities Include: Jacksonville, Miami, Tampa, St Petersburg, Hialeah, Orlando, Fort Lauderdale, Tallahassee, Hollywood, Pembroke Pines, Coral Springs, Clearwater, Cape Coral, Gainesville, Miami Beach, Sunrise, Plantation, West Palm Beach, Palm Bay, Lakeland, Pompano Beach, Brandon, Davie, Boca Raton, Miramar, Melbourne, Deltona, Largo, Spring Hill, Deerfield Beach, Daytona Beach, Boynton Beach, Delray Beach, Palm Harbor, Lauderhill, Pensacola, Tamarac, Margate, Sarasota, Bradenton, Weston
This website has been prepared for informational purposes only.
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