Florida regulators have proposed sweeping changes to state law that would make it tougher for mortgage professionals to get and retain licences and that would cap fees at 2 percent of a loan's value.
The changes aimed at providing greater protection for consumers against predatory lending -- come at a time when both federal and state lawmakers are focused on the mortgage business, an industry many view as a key driver of the economic predicament the nation is facing.
If passed by the Legislature in the upcoming session, the changes proposed by the Florida Office of Financial Regulation would also:
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