The Florida Senate

494.0039  Principal place of business requirements.--

(1)  Each mortgage brokerage business licensee shall maintain and transact business from a principal place of business in the state. A principal place of business or branch office must consist of at least one enclosed room or building of stationary construction in which negotiations of mortgage loan transactions of others may be conducted and carried on in privacy and in which all of the books, records, and files pertaining to mortgage loan transactions of others are maintained, and:

(a)  Must be in compliance with local zoning ordinances and must have posted any occupational licenses required by local government agencies. It is the responsibility of the licensee to meet local zoning ordinances and obtain the required occupational licenses; and

(b)  Must maintain a sign that is publicly displayed. Such sign must contain the name of the licensee under ss. 494.003-494.0043 and the words "Licensed Mortgage Brokerage Business."

(2)  A licensee under ss. 494.003-494.0043 shall report any change of address of the principal place of business or any branch office within 15 days after the change.

(3)  Each mortgage brokerage business must prominently display its license at the principal place of business. Each branch office must prominently display its branch office permit. Each person licensed pursuant to s. 494.0033 must prominently display his or her license in the office where such person acts as a mortgage broker.

History.--ss. 26, 50, ch. 91-245; s. 4, ch. 91-429; s. 545, ch. 97-103.