EQUITY CORP. HOLDINGS, INC. v. DEPT. OF BANKING AND FINANCE

No. 1D99-3481.

772 So.2d 588 (2000)

EQUITY CORP. HOLDINGS, INC., a Florida corporation, Mortgage Reduction Systems Equity Corp., a Florida corporation, Russell A. Whitney, individually and as owner/director of Equity Corp. Holdings, Inc. and Mortgage Reduction Systems Equity Corp., John Kane, individually and as director of Equity Corp. Holdings, Inc. and Mortgage Reduction Systems Equity Corp., Appellants, v. DEPARTMENT OF BANKING AND FINANCE, DIVISION OF FINANCE, Appellee.

District Court of Appeal of Florida, First District.

December 1, 2000.


Attorney(s) appearing for the Case

Bruce Culpepper and James B. Culpepper of Akerman, Senterfitt & Eidson, P.A., Tallahassee, Attorneys for Appellants.

Diane E. Leeds, Assistant General Counsel, Department of Banking and Finance, West Palm Beach, Attorney for Appellee.


PER CURIAM.

This appeal arises from a final order of the Department of Banking and Finance (Department) ordering Appellants to cease and desist operating their Mortgage Payoff Acceleration Program (MPAP)1 without a license, in accordance with chapter 494, Florida Statutes.2 At issue on appeal is whether Appellants' operation of the MPAP comes under the 1997 statutory definition of "act as a mortgage lender...

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