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The Florida Statutes

The 2009 Florida Statutes

Title XXXIII
REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS
Chapter 494
MORTGAGE BROKERAGE AND MORTGAGE LENDING
View Entire Chapter
Section 494.00331, Florida Statutes 2009

1494.00331  Mortgage broker association.--No person required to be licensed as a mortgage broker under this chapter shall be simultaneously an associate of more than one licensed mortgage brokerage business, licensed mortgage lender, or licensed correspondent mortgage lender.

History.--s. 11, ch. 95-313; s. 11, ch. 99-213; s. 30, ch. 2009-241.

1Note.--Section 30, ch. 2009-241, amended s. 494.00331, effective October 1, 2010, to read:

494.00331  Loan originator employment.--An individual may not act as a loan originator unless he or she is an employee of, or an independent contractor for, a mortgage broker or a mortgage lender, and may not be employed by or contract with more than one mortgage broker or mortgage lender, or either simultaneously.

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