The Florida Senate

634.344  Coercion of debtor prohibited.--

(1)  When a home warranty is sold as authorized by s. 634.301(3)(b), no person may require, as a condition precedent or condition subsequent to the lending of the money or the extension of the credit or any renewal thereof, that the person to whom such money or credit is extended purchase a home warranty.

(2)  When a home warranty is purchased in connection with the lending of money as authorized by s. 634.301(3)(b), the insurer or home warranty association or the sales representative of the insurer or home warranty association shall advise the borrower or purchaser in writing that Florida law prohibits the lender from requiring the purchase of a home warranty as a condition precedent or condition subsequent to the making of the loan.

History.--s. 30, ch. 83-323; s. 1, ch. 84-94; s. 20, ch. 93-195; s. 1483, ch. 2003-261.