Florida Statutes Part IV - Home Improvement Sales And Finance (Ss. 520.60-520.98)
- 520.60 - Short Title.
This act may be known and cited as “The Home Improvement Sales and Finance Act.”History.—s. 1, ch. 69-44; s. 3, ch. 76-168; s. 1, ch....
- 520.61 - Definitions.
As used in this act:(1) “Banking institution” means any bank, bank and trust company, trust company, or any national banking association organized and doing business under...
- 520.63 - Licensees.
(1) A person may not engage in or transact any business as a home improvement finance seller or operate a branch without first obtaining a license...
- 520.68 - Persons Not Required To Be Licensed.
No home improvement finance seller’s or seller’s license shall be required under this act of any person when acting in any capacity or type of...
- 520.69 - Scope Of License Authority; Scope Of Provisions.
(1) All persons engaged in the home improvement business as defined herein shall be required to obtain a license under this act as well as any...
- 520.70 - Employee Of The Seller.
(1) No individual may concurrently represent more than one home improvement finance seller in the solicitation or negotiation of any home improvement contract from an owner....
- 520.71 - Contract Copy To Owner.
Every home improvement finance seller shall furnish without charge a completely executed copy of the home improvement contract to the owner immediately after the owner...
- 520.72 - Cancellation Of Contract.
Every home improvement finance seller or home improvement seller shall furnish to the buyer a notice of the right to rescind the contract. Either party...
- 520.73 - Home Improvement Contract; Form And Content; Separate Disclosures.
(1) Every home improvement contract shall be evidenced by a written agreement and shall be signed by the parties. The home improvement contract shall be in...
- 520.74 - Provisions Expressly Prohibited.
No home improvement contract shall contain any provision by which:(1) The buyer agrees not to assert against a home improvement finance seller a claim or defense...
- 520.75 - Buyer’s Waiver Of Statutory Protection.
No act, agreement, or statement of any buyer under a home improvement contract shall constitute a valid waiver of any provision of this act intended...
- 520.76 - Insurance Provisions, Procurement, Rates.
(1) The premium paid for any group credit life or other insurance shall be included in the home improvement contract.(2) The home improvement contract shall state which...
- 520.78 - Finance Charge Limitation.
(1) The maximum finance charge included in a home improvement contract payable in substantially equal successive monthly installments beginning 1 month from the date the finance...
- 520.785 - Simple-interest Contracts.
A retail installment contract under The Home Improvement Sales and Finance Act may provide that the finance charge be calculated on a simple-interest basis subject...
- 520.79 - Unauthorized Charges.
All costs and charges in connection with home improvement contracts which are not authorized by this act shall be unenforceable. Any payment of such costs...
- 520.80 - Mortgages, Promissory Notes.
Every promissory note or mortgage shall bear on the side of the note or mortgage which contains the maker’s signature the following legend in at...
- 520.81 - Completion Certificate.
(1) Upon completion of the home improvement for which the owner and the home improvement finance seller contracted, the seller shall prepare a certificate which shall...
- 520.82 - Statement Of Account.
Upon written request from the owner, the holder of the home improvement contract shall deliver to the owner within 10 days from receipt of the...
- 520.83 - Cancellation Of Contract On Payment In Full.
(1) For all home improvement contracts pursuant to which there is a lien, mortgage, or encumbrance upon the goods or real property, upon payment in full...
- 520.84 - Credit To Owner On Prepayment.
Any buyer may pay in full at any time before maturity the debt of any home improvement contract and in so paying such debt shall...
- 520.85 - Delinquency And Collection Charges; Court Costs And Attorney’s Fees.
A home improvement contract may provide for the payment by the owner of a delinquency and collection charge on each installment in default for a...
- 520.86 - Extension Or Deferment.
(1) The holder of a home improvement contract, upon agreement in writing with the owner, may extend the scheduled due date, or defer the scheduled payment,...
- 520.87 - Receipt For Cash Payment; Payment To Assignor.
Whenever payment is made in cash on account of any home improvement contract, the person receiving such payment shall, at the time of receiving such...
- 520.88 - Assignments Of Contracts Or Notes.
(1) No holder shall sell, transfer, or assign any obligation in connection with a home improvement contract or any evidence of indebtedness thereunder to any person...
- 520.90 - Prohibited Acts.
The following acts are prohibited:(1) Abandonment or willful failure to perform, without justification, any home improvement contract or project engaged in or undertaken by a home...
- 520.91 - Uttering A False Completion Certificate.
Any person who accepts or receives a completion certificate or other evidence that performance of a home improvement contract is complete or satisfactorily concluded, with...
- 520.92 - Compensation Of Other Than Licensee Prohibited.
No home improvement finance seller shall pay, credit, or allow any consideration or compensation of any kind to any other home improvement finance seller, other...
- 520.98 - Penalties.
(1) Any person who willfully and intentionally violates any provision of s. 520.995 or engages in the business of a home improvement finance seller or a...
Last modified: September 23, 2016