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The Florida Senate

2001 Florida Statutes

SECTION 635
Loans to qualified buyers.
Section 420.635, Florida Statutes 2001

420.635  Loans to qualified buyers.--Contingent upon an appropriation, the department, in consultation with the Office of Urban Opportunity, shall provide loans to qualified buyers who are required to pay the pro rata portion of the bonded debt on single-family housing pursuant to s. 420.634. Loans provided under this section shall be made at a rate of interest which does not exceed the qualified loan rate. A buyer must maintain the qualifications specified in s. 420.633 for the full term of the loan. The loan agreement may contain additional terms and conditions as determined by the department.

History.--s. 23, ch. 99-378.