Tag Archive: "Florida"
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Florida Adopts Escrow Disbursement Provisions
By Robert Harrison, J.D. October 26, 2015 The escrow disbursement provisions adopted by the state of Florida requires any person disbursing escrow funds that are held as part of a real estate transaction, where at least one title policy is to be issued, to provide the parties to the transaction with certain information: 1. Certification statement […]
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Florida Enacts Provisions Regarding Consumer Collection Practices
by: Lee Greenberg The state of Florida recently enacted provisions regarding consumer collection practices in House Bill 413. The legislation becomes effective on October 1, 2014. Under the new law, a person may not engage in business in Florida as a consumer collection agency without first registering in accordance with the law, and thereafter maintaining a […]
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Florida Amends Provisions Regarding Mortgage Brokerage and Lending Law
by: Lee Greenberg The state of Florida recently amended several provisions of FS 494, Florida’s Mortgage Brokerage and Lending Law, through the enactment of Senate Bill No. 1012. The new legislation becomes effective on July 1, 2014. Changed Definition of Loan Origination Fee The new law changed the definition of “loan origination fee.” Under the law, […]
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Florida Modifies Mortgage Broker Licensing Provisions and Consumer Finance Charges
by: Lee Greenberg, Esq. Mortgage Broker Licensing Provisions The state of Florida recently modified provisions regarding mortgage broker licensing in House Bill 665. The legislation becomes effective on October 1, 2013. House Bill 665 authorizes, rather than requires, the Office of Financial Regulation, to deny a mortgage broker or mortgage lender license application if the […]
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Florida Legislature Enacts Foreclosure Provisions
by: Lee Greenberg, Esq.The state of Florida recently enacted several foreclosure provisions under House Bill No. 87 which become effective immediately. House Bill No. 87 revised the limitations period for commencing an action to enforce a claim of a deficiency judgment after a residential mortgage foreclosure action. The existing law provides a five year statute […]