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2019 Florida Statutes
SECTION 00173
Mortgage Guaranty Trust Fund; creation.
Mortgage Guaranty Trust Fund; creation.
494.00173 Mortgage Guaranty Trust Fund; creation.—
(1) The Mortgage Guaranty Trust Fund is created within, and shall be administered by, the Office of Financial Regulation.
(2) Funds to be credited to the trust fund shall consist of the fee imposed pursuant to s. 494.00172 on loan originators, mortgage brokers, and mortgage lenders licensed under this chapter. Moneys in the trust fund shall be used to pay claims against loan originators, mortgage brokers, and mortgage lenders pursuant to s. 494.00172.
History.—s. 1, ch. 2010-135; s. 2, ch. 2013-11.