FAMP Miami Chapter
 


Here are some of the highlights:

1) Require all mortgage company employees ... not just mortgage originators ... to hold individual licenses
2) Define Loan Origination fees as all fees received by mortgage brokers, including yield spread premium
3) Allow Florida's Office of Financial Regulation to use your credit report to determine if you qualify for a Florida mortgage license
4) More than double the fees required to gain and keep a Florida mortgage license current
5) Require Florida mortgage professionals who have already taken Florida's pre-licensing class, passed the licensing test and maintained continuing education credit to start all over again and do it again. 

 


Comments

Michelle LaPiana-Abreu

Thu, 19 Mar 2009 12:17:43

If the NEW FS 494 goes into effect you will be seeing another 4000 people unemployed no small mortgage conpamy will be able to stay open between the fees and everyone having to be licensed we will not be able to afford it. If you are not a member of FAMB, today is the day to join at $144.00 there is only 27 days left FAMB fights for you.

 

sam

Wed, 30 Dec 2009 13:34:44

Are you kidding me this is ridiculous

 



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