Statutes, codes, and regulations
Florida Administrative Code
Department 69 - DEPARTMENT OF FINANCIAL SERVICESDivision 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

Fla. Admin. Code R. 69I-3.002

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Current through Reg. 50, No. 222; November 13, 2024
Section 69I-3.002 - Interest Rate Limitations on Master Equipment Financing Agreements

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.

Fla. Admin. Code Ann. R. 69I-3.002

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.

New 9-10-86, Amended 12-20-94, Formerly 3A-3.002.