1997 Florida Code
TITLE XL REAL AND PERSONAL PROPERTY
Chapter 697 Instruments Deemed Mortgages And The Nature Of A Mortgage
697.201 Home equity conversion mortgagee consortium.
697.201 Home equity conversion mortgagee consortium.--It is the intent of the Legislature to encourage the use of home equity conversion plans in the private sector. In order to decrease the risks to individual mortgagees while instilling confidence among elderly homeowners in home equity conversion mortgages, the Legislature encourages the creation of a consortium of home equity conversion mortgagees who will participate in underwriting home equity conversion mortgages.
History.--s. 4, ch. 84-251.
Disclaimer: These codes may not be the most recent version. Florida may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
