The Florida Office of Financial Regulation reminds consumer finance businesses and individuals licensed under Chapters 494, 516, 520, and 560, Florida Statutes, that the deadline to timely renew has passed. These licenses include:
- Loan originators
- Mortgage brokers and branches
- Mortgage lenders and branches
- Consumer finance companies
- Motor vehicle installment sellers
- Retail installment sellers
- Home improvement installment sellers
- Sales finance companies
- Check cashers
- Foreign Currency Exchangers
Loan originators, mortgage brokers and branches and mortgage lenders and branches may reactivate their license through the National Multistate Licensing System & Registry before March 1, 2019.
Check cashers and Foreign Currency Exchangers with a license expiration date of December 31, 2018, that did not timely renew and now have an inactive license, are prohibited from conducting business until the license is reactivated. Check cashers and Foreign Currency Exchangers may reactivate their license through OFR’s Regulatory Enforcement and Licensing (REAL) System by March 1, 2019.
Consumer finances companies, motor vehicle installment sellers, retail installment sellers, home improvement installment sellers, and sales finance companies that did not timely renew and now have an inactive license, are prohibited from conducting business until the license is reactivated. These businesses may reactivate their license through OFR’s Regulatory Enforcement and Licensing (REAL) System by July 1, 2019.
