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Chapter 69V-40, FAC - Rules
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CL: Correspondent Mortgage Lender
The primary location (main office) of an entity that makes and services loans for others, for up to four months. The lender is authorized to originate mortgage loans and close loans in the name of the licensee, and is authorized to broker mortgage loans. The licensee must be a lawfully formed entity such as a corporation, limited liability company or a partnership.
CLB: Correspondent Mortgage Lender Branch
Any subsequent location of a correspondent mortgage lender (other than the main office) that is also conducting mortgage business on real estate located in the state of Florida.
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