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Chapter 69V-40, FAC - Rules
Florida Statutes
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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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