Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69O - OIR - Insurance Regulation
Chapter 69O-167 - PROPERTY AND CASUALTY INSURANCE CONTRACTS
Section 69O-167.009 - Mortgage Property Insurance Requirements Limited
Universal Citation: FL Admin Code R 69O-167.009
Current through Reg. 50, No. 187; September 24, 2024
No mortgage lender shall, in connection with any application for a mortgage loan in this state which is secured by a mortgage on residential real estate located in this state, require any prospective mortgagor to obtain by purchase or otherwise a property insurance policy in excess of the replacement value of the covered premises as a condition for granting such a mortgage.
Rulemaking Authority 624.308(1) FS. Law Implemented 624.307(1), 626.9551(1) FS.
New 1-27-92, Formerly 4-167.009, Amended 9-15-05.
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