Fla. Admin. Code R. 69B-124.002

Current through Reg. 50, No. 124; June 25, 2024
Section 69B-124.002 - Rights of Borrower

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.

Fla. Admin. Code Ann. R. 69B-124.002

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

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

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