420.635 Loans to qualified buyers.—Contingent 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. 420.634. 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. 420.633 for 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.
Section: Previous 420.621 420.622 420.623 420.624 420.625 420.626 420.6275 420.628 420.630 420.631 420.632 420.633 420.634 420.635Last modified: September 23, 2016