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Florida to Enhance Scrutiny of Business-Purpose Mortgage Loans

Florida has enacted a law to crack down on mortgage lenders circumventing residential mortgage licensing and disclosure requirements under the guise of making business-purpose loans. On July 1, 2019, Florida‘s House Bill 935 (HB 935) will take effect. HB 935 makes it a felony to directly or indirectly misrepresent a …

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