Regulatory Alerts2026-05-22
Added · Updated
Final Order on Amended Petition for Declaratory Statement Regarding BlueWater Financial
The Florida Office of Financial Regulation issued a final order granting a petition by Adam Vanfleet and BlueWater Financial to clarify licensing requirements for their proposed boat loan brokering activities. The Office determined that while its Division of Consumer Finance has jurisdiction over the entity under Chapter 687, Florida Statutes, the specific business model of acting as an uncompensated intermediary for consumers does not require a Consumer Finance license. This declaratory statement confirms that BlueWater Financial may operate in Florida without licensure provided it remains compensated solely by institutional lenders and charges no fees to consumers.
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