FL S2548

Applies principal loan originator disciplinary liability for violations by any loan originator (not just associates) if there is a pattern of repeated violations or the principal has knowledge of violations.

Allows licensed loan originators acting solely as loan processors to work for multiple mortgage brokers or lenders simultaneously, with a filed declaration of intent required.

Defines "loan processor" as a licensed loan originator who only handles receipt, collection, and analysis of loan documents and communications that do not include offering, negotiating, or counseling on loan rates or terms.

Requires loan originators to provide a good faith estimate signed and dated by the borrower, with written identification of payment recipients at the time the estimate is provided.

Removes the requirement for initial licensure application when a person proposes to purchase or acquire a controlling interest in a mortgage lender, effective October 1, 2010.