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2001 Florida Statutes
SECTION 201
Home equity conversion mortgagee consortium.
Home equity conversion mortgagee consortium.
697.201 Home equity conversion mortgagee consortium.--It is the intent of the Legislature to encourage the use of home equity conversion plans in the private sector. In order to decrease the risks to individual mortgagees while instilling confidence among elderly homeowners in home equity conversion mortgages, the Legislature encourages the creation of a consortium of home equity conversion mortgagees who will participate in underwriting home equity conversion mortgages.
History.--s. 4, ch. 84-251.