RESIDENT MORTGAGE GUARANTY INSURANCE AGENT

TYPE AND CLASSES:

• 2-30 Mortgage Guaranty Insurance

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 resident of the state of Florida.
• Be a United States citizen or legal alien who possesses a work authorization from the United States Immigration and Naturalization Services.
• Be fingerprinted at one of the Department's fingerprint sites. Fingerprint locations and additional information
• If licensed in another state within three years, provide a Letter of Clearance.

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.