In order to obtain a Mortgage Brokers License in the State of Florida, the Florida Department of Banking and Finance, Division of Finance, located in Tallahassee, Florida, will oversee all aspects of the mortagage licensing laws. They have all current information regarding the Florida Mortgage Law on their website, and the latest news regarding requirements for licensure. […]
Tag Archives: Florida Office of Financial Regulation
8
Apr
FLORIDA’S OFFICE OF FINANCIAL REGULATION SERVES THE 100TH CEASE & DESIST ORDER AS PART OF THE STATEWIDE CRACKDOWN ON UNLAWFUL MORTGAGE MODIFICATION ACTIVITIES
In a March, 2011, article on Florida’s Office of Financial Regulation’s website that the Florida Office of Financial Regulation (OFR) Commissioner Tom Cardwell announced the 100th Cease & Desist Order was served in Florida to companies conducting unlawful loan modification services. Commissioner Tom Cardwell cautions citizens against paying any upfront fees for loan modifications, which are illegal. […]
8
Feb
SUMMARY OF UNLICENSED PRACTICE OF LAW CASES IN THE STATE OF FLORIDA
In order to determine whether an activity constitutes the unlicensed practice of law, a two part analysis must be made. First, it must be determined whether the activity is the practice of law. The second question is whether the practice is authorized. If an activity is the practice of law but the activity is authorized, […]
7
Sep
Florida Authorities Crackdown on Unlicensed Mortgage Modification Activities In Clay County
Clay County, Florida – It was announced on Florida’s Office of Financial Regulation’s website that on September 2, 2010, Clay County Sheriff Rick Beseler and Commissioner Tom Cardwell of the Florida Office of Financial Regulation (OFR), today announced the execution of search warrants at two offices run by Clay County based companies. As the result […]
23
Jun
Florida’s Insurance Commissioner Issues Final Order to Infinity Surety for Unauthorized Sale of Insurance Products
TALLAHASSEE, Fla. – Insurance Commissioner Kevin McCarty announced the Florida Office of Insurance Regulation (Office) has issued a Final Order to Cease and Disist to Infinity Surety (Infinity) of Saginaw, Texas, and its president, George D. Black, for selling unauthorized surety insurance in Florida. This information was announced on June 17, 2010 on the Florida Office […]
15
Jun
Florida’s Office of Financial Regulation’s BROWARD COUNTY INVESTIGATION UNCOVERS $2 MILLION MORTGAGE FRAUD SCHEME
It was announced by the Florida Office of Financial Regulation’s (OFR) Bureau of Financial Investigations uncovered a mortgage fraud scheme of more than $2 million. The alleged crimes were perpetrated by three straw buyers, Susana Marrero, Keith Walker, and Pricila Mercado; one Florida licensed attorney, Roland Cherasard; and a title agent, Leona Womack. All five […]
15
Jun
BROWARD TITLE LAWYER CHARGED IN MORTGAGE SCHEME
Florida’s Office of Financial Regualtion announced that attorney Peter N. Price, 49, of Hollywood, pled guilty to a criminal information charging him with making false statements to HUD, in violation of Title 18, United States Code, Section 1001. In addition, Price agreed to make restitution to Stewart Title Guaranty, the victim of his fraud, in the […]
10
Jun
FLORIDA OFFICE OF FINANCIAL REGULATION SHUTS DOWN MORTGAGE INDUSTRY LICENSING APPLICATION SYSTEM ON JULY 8, 2010
TALLAHASSEE, Fla. –It was announced on June 9, 2010 that on July 8, 2010, the Florida Office of Financial Regulation (OFR) will stop accepting applications for mortgage broker, mortgage brokerage business, mortgage lender and correspondent mortgage lender licenses, so that current applications can be processed before October 1. Beginning October 1, 2010, the State of Florida […]
7
Apr
Loan Modification Licensure in Florida is Now an Industry with Regulation
The days of simply opening up and starting a loan modification business have come to an end in Florida. Individuals or businesses providing loan modification services must now be licensed as a mortgage broker by the Florida Office of Financial Regulation (OFR) in order to conduct business. The Florida Legislature recently passed Senate Bill SB 2226. […]
7
Apr
Orlando Loan Modification Company & its Principal Served with Order to Cease and Desist
TALLAHASSEE, Fla (March 25, 2010) – The Florida Office of Financial Regulation (OFR) issued and served an Order to Cease and Desist all loan modification services to The Loan Critics, LLC at 1737 Sunset View Circle, Apopka, Florida 32703, and James Palmer. The orders charged that the company is acting in violation of Florida laws […]