Florida Senate Bill 1730 now with Senate | American Association of Private Lenders

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American Association of Private Lenders April 24 Florida Senate Bill 1730 Update: Tuesday, Senator Stargel withdrew an amendment that would have removed a new, controversial mortgage lender licensing requirement.

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I strongly urge you to vote against Senate Bill 1730. Specifically, this bill would devastate Florida’s private lending industry. Senate Bill 1730 would eliminate the long-standing "business-purpose" licensing exception, an exception many private lenders transact business under. Around 40 states recognize this useful exception.

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