Skip to Navigation | Skip to Main Content | Skip to Site Map | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

CS/CS/HB 631: Loan Originators, Mortgage Brokers, & Mortgage Lenders

GENERAL BILL by Regulatory Affairs Committee ; Insurance and Banking Subcommittee ; Workman

Loan Originators, Mortgage Brokers, & Mortgage Lenders; Authorizes OFR to conduct joint or concurrent examination of licensees; provides that violating specified rules is grounds for disciplinary action; provides for change in license status if specified licensees fail to meet certain requirements for annual license renewal by specified dates; provides guidelines for license renewal; deletes certain requirements regarding specified fees; deletes certain notice requirements; authorizes FSC to prescribe time period by which mortgage brokers & lenders must file report of condition; deletes certain disclosure & notice requirements; revises period during which mortgage lender may service loans in its own name; repeals provisions relating to arbitration, required disclosures by mortgage brokers receiving certain fees; repeals Florida Fair Lending Act & provisions relating to conditions for mortgage loans of specified amounts secured by vacant land.

Effective Date: 7/1/2014
Last Action: 5/2/2014 Senate - Died in Banking and Insurance, companion bill(s) passed, see CS/CS/SB 1012 (Ch. 2014-91)
Bill Text: PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Subcommittee on General Government (AGG)
  3. Appropriations (AP)

Bill History

Date Chamber Action
1/16/2014 House • Filed
1/27/2014 House • Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee -HJ 54
2/4/2014 House • On Committee agenda-- Insurance and Banking Subcommittee, 02/11/14, 3:30 pm, Sumner Hall
2/11/2014 House • CS by Insurance and Banking Subcommittee; YEAS 13 NAYS 0 -HJ 157
2/14/2014 House • Pending review of CS under Rule 7.19(c)
2/17/2014 House • Now in Government Operations Appropriations Subcommittee -HJ 151
2/28/2014 House • On Committee agenda-- Government Operations Appropriations Subcommittee, 03/04/14, 1:30 pm, Morris Hall
3/4/2014 House • Introduced -HJ 54
• Favorable by Government Operations Appropriations Subcommittee; YEAS 11 NAYS 0 -HJ 205
• Now in Regulatory Affairs Committee -HJ 205
• CS by Insurance and Banking Subcommittee read 1st time -HJ 146
3/10/2014 House • On Committee agenda-- Regulatory Affairs Committee, 03/12/14, 1:00 pm, Sumner Hall
3/12/2014 House • CS/CS by- Regulatory Affairs Committee; YEAS 15 NAYS 3 -HJ 284
3/13/2014 House • Pending review of CS -under Rule 7.19(c)
3/14/2014 House • CS/CS by Regulatory Affairs Committee read 1st time -HJ 281
3/18/2014 House • Placed on Calendar -HJ 292
4/18/2014 House • Placed on Special Order Calendar, 04/22/14
4/22/2014 House • Read 2nd time -HJ 590
• Placed on 3rd reading
4/23/2014 House • Read 3rd time -HJ 603
• CS passed; YEAS 114 NAYS 0 -HJ 603
4/23/2014 Senate • In Messages
• Referred to Banking and Insurance; Appropriations Subcommittee on General Government; Appropriations -SJ 591
• Received -SJ 591
5/2/2014 Senate • Died in Banking and Insurance, companion bill(s) passed, see CS/CS/SB 1012 (Ch. 2014-91)