Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69B - Division of Insurance Agent and Agency Services
Chapter 69B-124 - ANTI-COERCION
Section 69B-124.002 - Rights of Borrower

Universal Citation: FL Admin Code R 69B-124.002
Current through Reg. 50, No. 187; September 24, 2024

When negotiations for a loan begin, and prior to any formal application for loan or the payment of any fees or costs required with the filing of an application, the lender shall notify the borrower of his rights regarding the placing of insurance. Such notice shall be given to said borrower in the form prescribed by the Chief Financial Officer in rule 69B-124.013, F.A.C., in writing, with a copy of said notice to be signed by the borrower and retained by the lender. Nothing in this rule shall be construed to mean that this notice shall be a part of the mortgage contract.

Rulemaking Authority 624.308, 626.9611 FS. Law Implemented 624.307(1), 626.9551(1) FS.

New 12-24-74, Formerly 4-3.02, 4-3.002, 4-124.002.

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