| 1 | The Conference Committee on HB 5049 offered the following: |
| 2 |
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| 3 | Conference Committee Amendment (with title amendment) |
| 4 | Remove everything after the enacting clause and insert |
| 5 | Section 1. Paragraphs (b) and (c) of subsection (2) of |
| 6 | section 494.0033, Florida Statutes, are amended to read: |
| 7 | 494.0033 Mortgage broker's license.-- |
| 8 | (2) Each initial application for a mortgage broker's |
| 9 | license must be in the form prescribed by rule of the |
| 10 | commission. The commission may require each applicant to provide |
| 11 | any information reasonably necessary to make a determination of |
| 12 | the applicant's eligibility for licensure. The office shall |
| 13 | issue an initial license to any natural person who: |
| 14 | (b) Has passed a written test adopted and administered by |
| 15 | the office, or has passed an electronic test adopted and |
| 16 | administered by the office or a third party approved by the |
| 17 | office, which is designed to determine competency in primary and |
| 18 | subordinate mortgage financing transactions as well as to test |
| 19 | knowledge of ss. 494.001-494.0077 and the rules adopted pursuant |
| 20 | thereto. The office shall make available an electronic version |
| 21 | of the mortgage broker test no later than December 31, 2008. |
| 22 | Applicants shall bear the actual cost for the electronic version |
| 23 | of the mortgage broker test; however, the applicant's cost of |
| 24 | the test may not exceed $75. The commission may prescribe by |
| 25 | rule an additional fee that may not exceed $100 for the |
| 26 | electronic version of the mortgage broker test. The commission |
| 27 | may waive by rule the examination requirement for any person who |
| 28 | has passed a test approved by the Conference of State Bank |
| 29 | Supervisors, the American Association of Residential Mortgage |
| 30 | Regulators, or the United States Department of Housing and Urban |
| 31 | Development if the test covers primary and subordinate mortgage |
| 32 | financing transactions. The commission may adopt rules |
| 33 | prescribing an additional fee that may not exceed $50 for an |
| 34 | applicant to review his or her completed and graded mortgage |
| 35 | broker test. The commission may adopt rules regarding the |
| 36 | administration of the testing process, including, but not |
| 37 | limited to, procedures relating to pretest registration, test |
| 38 | security, scoring, content, result notification, retest |
| 39 | procedures and fees, postexamination review, and challenge |
| 40 | provisions. Any applicant who wishes to review his or her |
| 41 | completed and graded mortgage broker test shall bear only the |
| 42 | actual cost of the review; however, the applicant's cost of the |
| 43 | review may not exceed $35. |
| 44 | (c) Has submitted a completed application and a |
| 45 | nonrefundable application fee of $195 $200. An application is |
| 46 | considered received for purposes of s. 120.60 upon receipt of a |
| 47 | completed application form as prescribed by commission rule, a |
| 48 | nonrefundable application fee of $195 $200, and any other fee |
| 49 | prescribed by law. |
| 50 |
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| 51 | The commission may require by rule information concerning any |
| 52 | such applicant or person, including, but not limited to, his or |
| 53 | her full name and any other names by which he or she may have |
| 54 | been known, age, social security number, qualifications and |
| 55 | educational and business history, and disciplinary and criminal |
| 56 | history. |
| 57 | Section 2. This act shall take effect July 1, 2008. |
| 58 |
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| 59 |
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| 60 | ----------------------------------------------------- |
| 61 | T I T L E A M E N D M E N T |
| 62 | Remove the entire title and insert: |
| 63 | A bill to be entitled |
| 64 | An act relating to mortgage broker's licenses; amending s. |
| 65 | 494.0033, F.S.; revising requirements for mortgage broker |
| 66 | license tests; revising fee requirements; requiring |
| 67 | applicants to bear certain costs; providing limitations; |
| 68 | providing an effective date. |