SECTION 420.635. Loans to qualified buyers.

Latest version.

1Contingent upon an appropriation, the Department of Economic Opportunity, 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. 43420.63444. 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. 75420.633 76for 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; s. 338, ch. 2011-142.

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Implemented Rule (12):

Cited by Court Cases:

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