Legal Research Home > Florida Lawyer > Regulation Of Trade Commerce Investments and Solicitations > Florida Regulation Of Trade, Commerce, Investments, And Solicitations Code Section 494.00793 - Mortgage Brokerage And Mortgage Lending - Liability of purchasers and assignees.

Title XXXIII REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS

Chapter 494 MORTGAGE BROKERAGE AND MORTGAGE LENDING

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.

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Last modified: November 21, 2006