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2009 Florida Statutes
Mortgage broker association.
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.