The Florida Senate

494.004  Requirements of licensees.--

(1)  Each licensee under ss. 494.003-494.0043 shall report, in writing, any conviction of, or plea of nolo contendere to, regardless of adjudication, any crime or administrative violation that involves fraud, dishonest dealing, or any other act of moral turpitude, in any jurisdiction, by the licensee or any natural person named in s. 494.0031(3), not later than 30 days after the date of conviction, entry of a plea of nolo contendere, or final administrative action.

(2)  Each licensee under ss. 494.003-494.0043 shall report, in a form prescribed by rule of the department, any conviction of, or plea of nolo contendere to, regardless of whether adjudication is withheld, any felony committed by the licensee or any natural person named in s. 494.0031(3), not later than 30 days after the date of conviction or the date the plea of nolo contendere is entered.

(3)  Each licensee under ss. 494.003-494.0043 shall report any action in bankruptcy, voluntary or involuntary, to the department not later than 7 business days after the action is instituted.

(4)  Each licensee under ss. 494.003-494.0043 shall report any change in the form of business organization or any change of a person named, pursuant to s. 494.0031(3), to the department in writing not later than 30 days after the change is effective.

(5)  A license issued under ss. 494.003-494.0043 is not transferable or assignable.

(6)  On or before April 30, 2000, each mortgage brokerage business shall file an initial report stating the name, social security number, date of birth, mortgage broker license number, date of hire and, if applicable, date of termination for each person who was an associate of the mortgage brokerage business during the immediate preceding quarter. Thereafter, a mortgage brokerage business shall file a quarterly report only if a person became an associate or ceased to be an associate of the mortgage brokerage business during the immediate preceding quarter. Such report shall be filed within 30 days after the last day of each calendar quarter and shall contain the name, social security number, date of birth, mortgage broker license number, date of hire and, if applicable, the date of termination of each person who became or ceased to be an associate of the mortgage brokerage business during the immediate preceding quarter. The department shall prescribe, by rule, the procedures for filing reports required by this subsection.

History.--ss. 27, 50, ch. 91-245; s. 4, ch. 91-429; ss. 16, 17, ch. 99-213.