The Florida Office of Financial Regulation (OFR) has extended the deadline for the state's mortgage industry professionals to complete their license applications.
According to a report in the Miami Herald, applications were originally due this week, and those who failed to complete the application would not be able to work in Florida's mortgage industry. Under the new extension, mortgage professionals must file their application under the Nationwide Mortgage Licensing System and pay the application fee by Dec. 31 in order to keep working in the industry through Mar. 31, at which point they will need to fulfill the requirements of the state's licensing system.
‘The Office of Financial Regulation understands that the current economy has been challenging for consumers and industry alike,’ said OFR Commissioner Tom Cardwell. ‘Our goal is to remain business friendly while also protecting Florida's consumers.’