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Division Director

Greg Thomas


Insurance Agent and Agency Services
200 East Gaines Street
Tallahassee, FL 32399-0318
Bureau of Licensing
(850) 413-3137
Bureau of Investigation
(850) 413-3136

Title Administrative Surcharge

 

The Title Administrative Surcharge is due during the month of January. Subsection 624.501(27)(e)2, F.S., requires any title insurance agency licensed in Florida on January 1 of each year to remit an administrative surcharge of $200 to the Florida Department of Financial Services. This payment must be made on or by January 30th.

If a title agency (or title insurance company retail office) has done any business, or is planning on doing any business in the new year, the surcharge is required to be paid.


Below are the most common questions asked about the Title Administrative Surcharge:

  1. When can I make the payment?
    Any time in the month of January.
    Note: We do allow payments to be paid late during the month of February through MyProfile. A late payment could result in an administrative penalty being imposed.
  2. Will my title agency receive a notice about this?
    All title insurance agencies licensed in Florida on January 1 will be sent an email reminder a few days after the new year. The email will be sent to the agency's email address on file with the Department.
  3. How do I update my title agency email address?
    Log in to your title agency's MyProfile account and click "Address Change" on the right side of the screen.
    Please be reminded that Section 626.551, Florida Statutes, requires licensees (agents and agencies) to notify the Department of Financial Services within 30 days of a change of residence, business, email, mailing address or telephone number.
  4. How do I pay?
    Log in to your title agency's MyProfile account, click on "Title Surcharge Payment" on the right side of the screen, under Apply, and follow the steps to make payment of the surcharge. Be sure to print each page for your records.
    Note: The option to pay will only appear on the MyProfile account of a title agency and will not appear on the MyProfile account of a title agent.
  5. I don't see an option to pay, what am I doing wrong?
    This is caused by two reasons:
    • The option to pay through MyProfile is only available in the months of January and February. If you are attempting to make the payment before January or after February you will not be provided with an option to pay.
    • It is possible that someone in your title agency has already paid the surcharge. To verify this, view your title agencies accepted applications by clicking "Click her to View Accepted Applications" in the title agency's MyProfile account.
  6. What is the deadline to make the payment?
    The deadline to pay the title administrative surcharge is January 30th. After January, title agencies will be provided the additional month of February to pay late through MyProfile. After February, title agencies will no longer have an option to pay through MyProfile..
  7. What happens if I don't pay?
    Failure to pay the surcharge on or before January 30th may result in administrative action and/or a fine of at least $500 over the original surcharge amount.
  8. Can I send a check?
    No. Checks are not accepted. The surcharge must be paid online via your title agency's MyProfile account.
  9. I am no longer in business. Do I have to pay the surcharge?
    Agencies that are no longer operating and will not be operating in the new year can avert the surcharge by surrendering their license. To surrender the license, you must provide a letter on company letterhead containing:
    • A statement requesting to surrender the title agency license.
    • A statement indicating the date when the title agency stopped all title insurance business.
    • The title agency license number.
    • The signature of a listed officer of the agency

    This letter can be faxed to (850) 488-5951, emailed as an attachment to Title@MyFloridaCFO.com, or mailed to:

    Florida Department of Financial Services
    Division of Agent & Agency Services
    Bureau of Investigation - Title Section
    200 E. Gaines Street
    Tallahassee, FL 32399-0320

  10. Can I pay the title surcharge by credit card over the phone?
    You must pay the surcharge by credit card via your MyProfile account.
  11. What if I have other questions?
    Send an email to Title@MyFloridaCFO.com or call (850) 413-5697.