The Florida Senate

494.0036  Mortgage brokerage business branch offices.--

(1)  A mortgage brokerage business branch office license is required for each branch office maintained by a mortgage brokerage business.

(2)  The department shall issue a mortgage brokerage business branch office license upon receipt of a completed application in a form as prescribed by department rule and payment of an initial nonrefundable branch office license fee of $225. Branch office licenses must be renewed in conjunction with the renewal of the mortgage brokerage business license. The branch office license shall be issued in the name of the mortgage brokerage business that maintains the branch office.

(3)  Each branch office must prominently display the license issued for such branch office. Each person licensed as a mortgage broker must prominently display his or her license in the office where such person acts as a mortgage broker.

History.--ss. 23, 50, ch. 91-245; s. 4, ch. 91-429; s. 13, ch. 99-213.