Mortgage Brokers in Florida Prepare for New Cybersecurity Law
As Florida’s real estate sector deals with high insurance costs, property taxes, and fluctuating buyer preferences, mortgage brokers face something else new—cybersecurity compliance. A new law for the state, Senate Bill 1216, goes into effect on July 1, 2025, and requires any licensed mortgage professional operating in Florida to have precise personal cybersecurity policies and procedures.
Chuck Barnes Mortgage – NMLS#29854 – Platinum Capital Advisors, one of the established entities in the Naples mortgage industry. is already working toward for the new rules, having improved digital infrastructure to protect client data and to be in full compliance with the new law.
“In this day and age with all the digital world, protecting our clients’ personal and financial data is important regardless,” stated Chuck Barnes, founder and principal broker. “We are doing our part to implement the new requirements so we can continue to earn our clients’ trust each and every day.”
This important legal change comes at an especially sensitive period for Florida’s real estate. The housing marketplace is experiencing a cooling, particularly in regions with antiquated condo buildings even with very annoying high insurance quotes, structural safety standards and taxes. These factors have made applying for a mortgage more complex, with unnecessary hurdles to jump; which means a reliable broker is more important than ever.
Chuck Barnes Mortgage is stepping to the plate with personalized guidance to help clients make their best financial decision. Whether clients are vowing to navigate interest rates, understand loan options, or figure out how to comply with the new cybersecurity laws, the firm wants to take the ambiguity out of the mortgage process in these uncertain times.
“Our goal is to make it easy for buyers,” Barnes said. “From understanding how these new laws with cybersecurity actually affects them, to getting them into the mortgage they need, we are here for them every step of the way”
The new law is a wake-up call for the industry, and as digital threats increase, the responsibility to secure sensitive client information has become paramount in the industry. Recently, mortgage professionals from all over Florida were held to a new standard of not only securing a competitive loan but ensuring their clients’ data was kept safe.
As mortgage firms in Naples and other markets face the pressures of the new law, firms that prioritize the safety and trust of their clients, like Chuck Barnes Mortgage, will adapt.
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