In the last 2 weeks we have had 3 requests to finance 2nd homes in FL. Would someone please point me to the appropriate site to search your RE Lending Laws and share anything that may be specific to FL Laws? Thanks.

Go to www.lendinglaw.com it has the laws broken out by state. New Predatory Lending Law for Fl effective Oct 2002.
email:grice@evergreenlending.com

Thanks Anon. I was referred to this site through the Gen Forum and it was helpful.

Dan, this is a site for mortgage lending in the State of Florida.

http://www.dbf.state.fl.us/licensing/ch494.html

Thank you. One thing I have not been able to find out yet, don't know if I'm just not looking in the right place or not, is whether we need to be licensed in FL in order to do real estate lending. Maybe you can help me with this, or give me your DFI's phone number. The loans we would do would be few and far between and only would be to our current customers that are wanting to buy a vacation or retirement home.

Maybe this will help:

Mortgage lenders and correspondent mortgage lenders are required to be licensed in the state of Florida. Florida Department of Banking Rules can be viewed at

http://www.dbf.state.fl.us/licensing/rule494.html

Exemptions from licensing can be found in FL Statutes Section 494.006. Among those exempt are banks, bank holding companies, savings and loan associations, credit unions, federal (HUD and VA) and quasi-federal secondary market agencies (FNMA, FHLMC and GNMA), trust companies and a wholly-owned savings and loan association holding company subsidiary or a wholly-owned bank holding company subsidiary that is certified or approved by HUD, VA, FNMA, FHLMC or GNMA.

Mortgage loan servicers are required to be licensed under the mortgage banker and mortgage broker licensing law.

A mortgage lender or correspondent lender do not have to obtain a separate license to act as a mortgage broker. However, the mortgage lender and mortgage correspondent acting as a mortgage broker must abide by the provisions for a Florida mortgage broker. [FL Statutes Section 494.0073.]

Thank you. That gives me the answer I needed.