License Renewal Deadlines for OFR-Licensed Financial Services Entities

FL OFR Industry Alerts

Published November 17th, 2023

Detected April 6th, 2026

Summary

The Florida Office of Financial Regulation announces open license renewal periods for entities licensed under Chapters 494, 517, 559, and 560, Florida Statutes. Deadlines range from December 26, 2023 through January 3, 2024 depending on license type. Affected entities include FINRA member dealers, investment advisers, mortgage lenders/originators, collection agencies, and money services businesses.

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What changed

The FL OFR has opened license renewals for financial services entities holding various license types under Florida statutes. Renewal deadlines and systems vary: FINRA member dealers and investment advisers must renew through CRD/IARD by December 26, 2023; mortgage brokers, lenders, and loan originators through NMLS by December 31, 2023; collection agencies and money services businesses through the OFR REAL portal by December 31, 2023; and non-FINRA member dealers and crowdfunding intermediaries by January 3, 2024.

Licensed entities must complete renewals before their specific deadline or face inactive/expired status that prohibits conducting business until the license is reactivated. Entities holding multiple license types may need to submit through different systems. Businesses should contact the OFR at (850) 487-9687 for assistance accessing the REAL system.

What to do next

Determine applicable license type(s) and corresponding renewal system (CRD/IARD, NMLS, or REAL)
Submit renewal before the deadline: December 26, 2023 for CRD/IARD filers, December 31, 2023 for NMLS/REAL filers, or January 3, 2024 for non-FINRA dealer/REAL filers
Verify active license status after submission to ensure continued ability to conduct business

Source document (simplified)

Industry Alert: Renew Your License Today!

11/17/2023

Tallahassee, Fla. - The license renewal process is open for those licensed with the Office of Financial Regulation (OFR) under Chapters 494, 517, 559, Florida Statutes, and a portion of those licensed under Chapter 560, Florida Statutes. The OFR reminds businesses and individuals to complete the renewal process to maintain their active license status.

Businesses and individuals holding the below license types should renew through the Central Registration Depository (CRD) or Investment Adviser Registration Depository (IARD) on or before December 26, 2023.

FINRA Member Dealers, including their associated persons and branch offices
Investment Advisers, including their associated persons and branch offices
Federal Covered Advisers, including their associated persons
Businesses and individuals holding the below license types under Chapter 494, Florida Statutes, should renew their license through the National Multistate Licensing System & Registry (NMLS) on or before December 31, 2023.
Loan Originator
Mortgage Broker and Branches
Mortgage Lender and Branches
Businesses and individuals holding the below license types should renew through the OFR online licensing portal (REAL) by logging in as a returning user on or before December 31, 2023.
Commercial Collection Agencies
Consumer Collection Agencies
Money Services Businesses Part III, Check Casher/Foreign Currency Exchanger (with a license expiration date of December 31, 2023)
Businesses holding the below license types should renew through the OFR online licensing portal (REAL) by logging in as a returning user on or before January 3, 2024.
Non FINRA Member Dealers, including their associated persons and branch offices
Canadian Dealers
Crowdfunding Intermediaries
Florida law requires businesses and individuals to have an active license with the OFR to conduct certain types of financial services business. If your license is inactive or expired, you are prohibited from conducting business until you reactivate your license or apply and are granted a new license.