Course Objectives

This course provides Florida mortgage loan originators with a comprehensive overview of the required topics outlined by the Florida Office of Financial Regulation (FL-OFR), including licensing and disciplinary action procedures, prohibited acts, required conduct, and the regulations governing specific mortgage transactions in Florida.

By the end of this course, participants will be able to:

• Describe the purpose and responsibilities of the Florida Office of Financial Regulation and explain the requirements for compliance filings, records, financial statements, and reports.
• Identify licensing maintenance requirements, including renewal obligations, required notifications and updates, recordkeeping standards, and net worth requirements.
• Explain enforcement procedures, disciplinary actions, and the requirements for the Declaration of Intent to Engage Solely in Loan Processing.
• Recognize prohibited acts and unsafe practices under Florida law and describe the requirements for disclosures and advertising applicable to mortgage professionals.
• Explain the standards for managing escrow and trust accounts and identify the conditions and limitations governing specific mortgage transactions and residential mortgage loans in Florida.
• Describe Florida's homestead exemptions and their relevance to mortgage origination.