Tag Archive: "Florida"
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Florida Enacts Provisions Regarding Online Notarizations
The state of Florida has recently enacted several provisions relating to notaries, with effective dates ranging from immediately to January 1, 2020.
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Florida Adopts Provisions Regarding Loan Officer Licensing for Military Members
The Florida Department of Financial Services has recently adopted provisions relating to fee waiver procedures for military personnel, veterans, and spouses seeking a loan originator license or renewal of a loan originator license. These provisions are effective on September 25, 2018.
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Florida Adopts Provisions Regarding Unlawful Rebates and Inducements Relating to Title Insurance Transactions
The Florida Department of Financial Services, Division of Insurance Agents and Agency Services, has recently adopted provisions regarding unlawful rebates and inducements relating to title insurance transactions. These provisions are effective on May 13, 2018.
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Florida Passes Bill Regarding Marital Assets and Liabilities
House Bill 639 establishes a more definitive statutory formula to calculate the marital portion of passive appreciation of a nonmarital asset that is subject to equitable distribution. The bill uses methodology similar to the case law, but uses the amount of mortgage principal paid down during the marriage instead of the amount of the mortgage at the time of marriage.
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Florida Enacts Provisions Regarding Mortgage Brokering Exemptions
The state of Florida recently passed House Bill 193, which exempts certain individuals from the state’s mortgage loan originator and broker regulations, under certain circumstances. This bill will become effective on July 1, 2018.
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Florida Enacts Provisions Regarding Business Purpose Mortgage Loans
The state of Florida has recently enacted House Bill 935, regarding business purpose mortgage loans. The updated provisions are effective as of July 1, 2018.
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Florida Modifies Provisions Regarding Foreclosure Proceedings
The legislature of the state of Florida has recently enacted provisions regarding foreclosure proceedings where a defendant has filed for bankruptcy. This bill will be effective as of October 1, 2018.
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Florida Adopts Mortgage Loan Originator Licensing Provisions
Florida has adopted provisions regarding loan originator license applications, renewals, and reactivation. The purpose of the amendments is to streamline the process for individuals seeking to be licensed as loan originators. The provisions are effective as of November 24, 2016.
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Florida Amends Procedures for Cancellation of Mortgage after Satisfaction and Open End Mortgages
Florida Amends Procedures for Cancellation of Mortgage after Satisfaction and Open End MortgagesBy Robert Harrison, J.D.Florida House Bill 145 Section 4 has amended Section 701.03 of Florida Statutes, to reduce the time limit for a mortgagee to cancel a mortgage after satisfaction from 60 to 45 days, unless the mortgage is an open end mortgage.Open […]
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Florida Clarifies Unlawful Inducements Related to Title Insurance
February 19, 2016 The Florida Department of Financial Services, Division of Insurance Agents and Agency Services has adopted Regulation 69-B-186.010 to help interpret Florida Statute 626.9541(1)(h)3, which prohibits certain activities related to title insurance because such activities constitute unfair methods of competition or deceptive acts or practices prohibited by Florida Statute 626.9521. Regulation 69-B-186.010 provides […]