BY JACK DOLAN AND ROB BARRY
jdolan@MiamiHerald.com
At least 20 Florida mortgage brokers maintained their licenses even after committing the most obvious violation of public trust — mortgage fraud.
Hundreds more kept their licenses after other serious crimes. A reputed mobster convicted of racketeering renewed his from prison, records show.
That’s possible because, while some states run criminal background checks each time a broker renews a license, Florida does not.
Instead, the state relies on an honor system. Once regulators issue a license, they trust brokers to self-report future convictions and disciplinary actions taken by other regulatory agencies.