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2005 Florida Statutes

Title XXXIII REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS
Chapter 494 MORTGAGE BROKERAGE AND MORTGAGE LENDING Entire Chapter
SECTION 00793
Liability of purchasers and assignees.
Section 494.00793, Florida Statutes 2005

494.00793  Liability of purchasers and assignees.--Any person who purchases or is otherwise assigned a high-cost home loan shall be subject to all claims and defenses with respect to that mortgage that the borrower could assert against the creditor of the mortgage, to the same extent and subject to the same limitations that a borrower of a high-cost home loan may assert against an assignee or purchaser pursuant to 15 U.S.C. s. 1641.

History.--s. 5, ch. 2002-57.