Your Location

BEAT THE RUSH

For the Required

LOAN ORIGINATOR TRAINING

Are you an unlicensed loan originator, or do you have unlicensed loan originators working for your company?

Did you know that the Florida Legislature repealed, this year, the exemption to FS494 (FS494.006(2)(a)) that allows you to work for a lender as an unlicensed originator as of January 1, 2010?

Are you aware that if you are not licensed by this date you’ll be unable to do Florida loans, or face a $1,000 per day fine?

Don’t put if off until the last minute and get caught in the crush of thousands of other unlicensed originators all trying to get licensed at the same time. You may not make the deadline!

Call NOW for Alliance School of Mortgage Lending’s

“AT YOUR LOCATION” SPECIAL!

Classes held conveniently at your location (in most states)!
Testing done in your area!
Save time & money with convenience!
One set price for one student or your entire staff!
Complete training as low as $1800.00!
Training follow-up with Cram Reviews - CRAMINAR

We can offer you on-location instruction to meet these requirements. Now taking reservations to provide this 2-Day approved course for the Florida requirements & licensing. Two weeks notification requested for scheduling purposes.

904-825-4934

www.alliancebusinessschool.com

Exemption Repealed
Exemption to be repealed January 1, 2010.
S. 494.006 (2) (a), F./S., is the exemption that allowed bonafide employees
who were employed by licensed correspondent mortgage lenders and mortgage lenders to originate loans and perform loan modification activities without being licensed as individual mortgage brokers.
This exemption is being repealed; effective January 1, 2010 by the revised version of chapter 494, now passed by the legislature and signed into law by the governor.
As a result, all unlicensed persons previously relying on this exemption will be required to be licensed, if they continue to work after January 1, 2010 in this same capacity. Failure to have a license and originate mortgage loans bears a fine up to $1,000 per day.
Ref: www.flofr.com/finance Go to: “What’s New” then to: “Summary of Changes” & ”Timeline”

A MUST READ NOTICE!!