NONRESIDENT MORTGAGE GUARANTY INSURANCE
AGENT
TYPE AND CLASSES:
- 9-30 Nonresident Mortgage Guaranty Insurance
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Florida Statutes 635.011 (1) defines MORTGAGE
GUARANTY INSURANCE as a form of casualty
insurance insuring lenders against: (a)
Financial loss by reason of nonpayment of
principal, interest, and other sums agreed to
be paid under the terms of any note, bond, or
other evidence of indebtedness secured by a
mortgage, deed of trust, or other instrument
constituting a lien or charge on real estate
which contains a residential building or a
building designed to be occupied for
industrial or commercial purposes, and (b)
Financial loss by reason of nonpayment of rent
and other sums agreed to be paid under the
terms of a written lease for the possession,
use, or occupancy of real estate, provided
such real estate is designed to be occupied
for industrial or commercial purposes.
Application
Qualifications:
-
Complete an online
application for License and submit
appropriate fees.
Apply for license
-
Be a natural person at
least 18 years of age.
-
Be a United States
citizen or legal alien who possesses a work
authorization from the United States
Immigration and Naturalization Services.
-
Be fingerprinted on
cards provided by the Florida Department of
Financial Services. Two fingerprint cards
are mailed to the applicant.
Special Notes
A General Lines Agent
is qualified to represent a mortgage
guaranty insurer without an additional
license.
Applicant must not be licensed for this type
of license and as a motor vehicle physical
damage and mechanical breakdown agent or an
industrial fire agent simultaneously.
