Mortgage Business SchoolsApplication Requirements See
Chapter 494, Florida Statutes and Rule69V-40, Florida Administrative Code EXEMPT SCHOOLS: To determine which schools are exempt from licensure, refer to Frequently Asked Questions. |
REQUEST FOR AUTHORIZATION TO TEACH: |
CONTINUING EDUCATION only |
24 HOUR PRE-LICENSE COURSE, or BOTH 24 HOUR COURSE AND CONTINUING EDUCATION |
FEE |
$900 (includes $500 application and $400 accreditation fee) |
$900 (includes $500 application and $400 accreditation fee) |
FORM |
OFR-MBS-101, Application for Mortgage Business School Permit and Accreditation |
OFR-MBS-101, Application for Mortgage Business School Permit and Accreditation |
AUTHORIZATION TO DO BUSINESS BY FLORIDA SECRETARY OF STATE |
Submit evidence of registration as a legal entity, or approval to use "DBA" if fictitious name is used. See Rule 69V-40.021, FAC and the Instructions for Fictitious Names |
Submit evidence of registration as a legal entity, or approval to use "DBA" if fictitious name is used. See Rule 69V-40.021, FAC and the Instructions for Fictitious Names |
OWNERS AND OFFICERS OF BUSINESS |
Provide details on application form |
Provide details on application form |
24 HOUR PRE-LICENSE COURSE WORKBOOK and/or STUDY GUIDE |
Not Applicable |
Required; must cover all subject matter in both the 24 Hour Course Outline and the Curriculum (per Rule 69V-40.026, FAC) |
APPLICABLE LAWS AND RULES Review Carefully
Before Applying |
494.0029, F.S. – Mortgage Business Schools
494.00295 F.S. – Professional education
Florida Administrative Code Rules 69V:
40.0271 Continuing Education
40.028 Permit for Schools
40.0281 Prohibited Practices and
Advertising/Publicity
40.030 School Accreditation Process
40.033 Disciplinary Guidelines |
Florida Administrative Code Rules 69V :
40.025 Mortgage Broker Examination
40.026 Curriculum for 24 Hour course (must also include subjects in 24 Hour course outline)
40.027 MB Education Requirements (Pre-license)
Also - see list under "Continuing Education only". |
STUDENT INSTRUCTION AND REPORTING REQUIREMENTS |
COURSE TYPE |
CONTINUING EDUCATION |
24 HOUR PRE-LICENSE COURSE |
INSTRUCTION |
Instruction may be in classroom or offered through electronic transmission ("Internet") or distance education ("correspondence course").
Rule 69V-40.0271(11), FAC |
All instruction must be in classroom, face to face with instructor.
69V-40.026, FAC |
REPORTING REQUIREMENTS FOR LICENSED SCHOOLS |
A completion certification shall be provided to each student. For this course, student certifications are not reported to this Office by the schools.
Rule 69V-40.0271(13), FAC |
Course certifications shall be filed with this Office electronically within 5 days of completion. [Upon licensure, the school is issued an ID# and password to add reports on-line].
Rule 69V-40.027, FAC |
RENEWAL AND ACCREDITATION REQUIREMENTS |
IF AUTHORIZED TO TEACH: |
CONTINUING EDUCATION only |
24 HOUR PRE-LICENSE COURSE, or BOTH 24 HOUR COURSE AND CONTINUING EDUCATION |
RENEWAL FEE |
$900 (consists of $500 application and $400 accreditation fee) |
$900 (consists of $500 application and $400 accreditation fee) |
RENEWAL FORM |
OFR-MBS-202, Mortgage Business School Renewal Application |
OFR-MBS-202, Mortgage Business School Renewal Application |
COURSE MATERIALS |
Not Required |
Actual workbook or study guide containing all printed materials distributed to candidates for this course (see Rule 69V-40.030, FAC) |
RENEWAL DEADLINE
(annual) |
9/30. Failure to file by the deadline will trigger the requirement for a new application. |
9/30. Failure to file by the deadline will trigger the requirement for a new application. |
ACCREDITATION PROCESS |
Factors Reviewed may include:
Complaints
Student Questionnaire Critiques Visitations
Americans with Disabilities Compliance
See Rule 69V-40.030, FAC |
Factors Reviewed may include:
Workbook and study materials
Complaints
Student Questionnaire Critiques
Student Responses from Reviews
Visitations
Americans with Disabilities Compliance
Physical Classroom Facilities
See Rule 69V-40.030, FAC |
