16(2) 17In order to apply for a loan originator license, an applicant must:29(a) 30Be at least 18 years of age and have a high school diploma or its equivalent.
46(b) 47Complete a 20-hour prelicensing class approved by the registry.
56(c) 57Pass a written test developed by the registry and administered by a provider approved by the registry.
74(d) 75Submit a completed license application form as prescribed by commission rule.
86(e) 87Submit a nonrefundable application fee of $195, and the $20 nonrefundable fee if required by s. 103494.00172104. Application fees may not be prorated for partial years of licensure. 116(f) 117Submit fingerprints in accordance with rules adopted by the commission:1271. 128The fingerprints may be submitted to the registry, the office, or a vendor acting on behalf of the registry or the office.
1502. 151The office may contract with a third-party vendor to provide live-scan fingerprinting.
1633. 164A state criminal history background check must be conducted through the Department of Law Enforcement, and a federal criminal history background check must be conducted through the Federal Bureau of Investigation.
1954. 196All fingerprints submitted to the Department of Law Enforcement must be submitted electronically and entered into the statewide automated biometric identification system established in s. 221943.05(2)(b) 222and available for use in accordance with s. 230943.05(2)(g) 231and (h). The office shall pay an annual fee to the department to participate in the system and inform the department of any person whose fingerprints are no longer required to be retained. 2645. 265The costs of fingerprint processing, including the cost of retaining the fingerprints, shall be borne by the person subject to the background check.
2886. 289The office is responsible for reviewing the results of the state and federal criminal history checks and determining whether the applicant meets licensure requirements.
313(g) 314Authorize the registry to obtain an independent credit report on the applicant from a consumer reporting agency, and transmit or provide access to the report to the office. The cost of the credit report shall be borne by the applicant.
354(h) 355Submit additional information or documentation requested by the office and required by rule concerning the applicant. Additional information may include documentation of pending and prior disciplinary and criminal history events, including arrest reports and certified copies of charging documents, plea agreements, judgments and sentencing documents, documents relating to pretrial intervention, orders terminating probation or supervised release, final administrative agency orders, or other comparable documents that may provide the office with the appropriate information to determine eligibility for licensure.
433(i) 434Submit any other information required by the registry for the processing of the application.
510(4) 511The office shall issue a loan originator license to each person who is not otherwise ineligible and who meets the requirements of this section. However, it is a ground for denial of licensure if the applicant:547(a) 548Has committed any violation specified in this chapter, or is the subject of a pending felony criminal prosecution or a prosecution or an administrative enforcement action, in any jurisdiction, which involves fraud, dishonesty, breach of trust, money laundering, or any other act of moral turpitude.
593(b) 594Has failed to demonstrate the character, general fitness, and financial responsibility necessary to command the confidence of the community and warrant a determination that the applicant will operate honestly, fairly, and efficiently.6261. 627If the office has information that could form the basis for license denial under this paragraph, before denying the license, the office must notify the applicant in writing of the specific items of concern and provide the applicant with an opportunity to explain the circumstances surrounding the specific items and provide any information that the applicant believes is relevant to the office’s determination.
6902. 691For purposes of evaluating adverse information found in an applicant’s credit report, the information must be considered within the totality of the circumstances. Information provided by the applicant under subparagraph 1., or information obtained by the office by other means, may be used to provide a context for the adverse items. For example, the adverse items may have resulted from factors that do not necessarily reflect negatively upon the applicant’s character, general fitness, or financial responsibility.
7673. 768The office may not use a credit score or the absence or insufficiency of credit history information to determine character, general fitness, or financial responsibility.
7934. 794If information contained in a credit report is used as the basis for denying a license, the office shall, in accordance with s. 817120.60(3), 818provide with particularity the grounds or basis for denial. The use of the terms “poor credit history,” “poor credit rating,” or similar language does not meet the requirements of this paragraph. 1015(8) 1016The office shall waive the fees required by paragraph (2)(e) for an applicant who:1030(a) 1031Is or was an active duty member of the United States Armed Forces. To qualify for the fee waiver, an applicant who is a former member of the United States Armed Forces must have received an honorable discharge upon separation or discharge from the United States Armed Forces;
1079(b) 1080Is married to a current or former member of the United States Armed Forces and is or was married to the member during any period of active duty; or
1109(c) 1110Is the surviving spouse of a member of the United States Armed Forces if the member was serving on active duty at the time of death.
1136An applicant seeking such fee waiver must submit proof, in a form prescribed by commission rule, that the applicant meets one of the qualifications in this subsection.
