Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69I - Division of Accounting and Auditing
Chapter 69I-3 - CONSOLIDATED EQUIPMENT FINANCING PROGRAM
Section 69I-3.002 - Interest Rate Limitations on Master Equipment Financing Agreements
Universal Citation: FL Admin Code R 69I-3.002
Current through Reg. 50, No. 187; September 24, 2024
The maximum interest rate limitation specified in sections 287.063 and 287.064, F.S., does not apply when the payment obligation under a master equipment financing agreement is, or fractional interests in such payment obligations are, rated A or better, MIG3 or better and VMIG3 or better by either Moody's Investors Services, Inc., or Standard and Poor's Corporation.
Rulemaking Authority 17.29, 287.063 (2)(b), 287.064(1)(c) FS. Law Implemented 287.063, 287.064(1)(c) FS.
New 9-10-86, Amended 12-20-94, Formerly 3A-3.002.
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