SECTION 634.3076. Prohibited investments and loans.

Latest version.

1A home warranty association shall not directly or indirectly invest in or lend its funds upon the security of any note or other evidence of indebtedness of any director, officer, or controlling stockholder of the home warranty association. This prohibition applies only to investments and loans initially reported on a home warranty association’s financial statements after the third quarterly statement for 2006.

History.-s. 4, ch. 2006-272.

Bills Cite this Section:

None

Authorized Rulemaking (6):

Cited by Court Cases:

None

                    
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