Florida Securities Dealers Association (FSDA)
Legislative Update - February 2018
The Florida Legislative Session and the FSDA are poised for a few big victories in 2018. Every year, the FSDA tracks and weighs in on dozens of legislative proposals such as causes of action, telemarketing, licensing fees, and financial literacy. Here is an update on House Bill 193.
Mortgage Broker Exemption for Securities Dealers
After nearly 2 years of work, House Bill 193 passed the Legislature last week. It was a joint effort by State Representative Rick Stark (D-Weston) and Senator Dennis Baxley (R-Ocala). If signed into law, the bill will exempt securities professionals from having to obtain a separate mortgage brokers license in order to have a general conversation about a mortgage or refer a client to a mortgage broker. The bill was a collaborative effort between the FSDA and the Florida Bankers Association. The bill heads to the Governor's Desk, where it will await his action.
Sean C. Stafford
SVP and Director, MWC
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