520.74 – Provisions expressly prohibited.
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 arising out of the sale or agrees not to assert against an assignee such a claim or defense; (2) In the absence of the buyer’s default in the […]
520.75 – Buyer’s waiver of statutory protection.
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 for the benefit or protection of the buyer. History.—s. 1, ch. 69-44; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 21, ch. 80-256; s. 2, […]
520.76 – Insurance provisions, procurement, rates.
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 party is to procure insurance. (3) The amount, if any, included for such insurance shall not exceed the applicable premiums chargeable in accordance with rates filed […]
520.78 – Finance charge limitation.
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 charge accrues shall not exceed $12 per $100 per annum. Such finance charge shall be computed on the principal amount financed on the contract, notwithstanding that the […]
520.785 – Simple-interest contracts.
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 to the following provisions: (1) Instead of a finance charge computed on the amount financed as determined under s. 520.73(2), the seller may compute the finance charge at a simple-interest […]
520.52 – Licensees.
520.52 Licensees.— (1) A person may not engage in the business of a sales finance company or operate a branch of such business without a license as provided in this section; however, a bank, trust company, savings and loan association, or credit union authorized to do business in this state is not required to obtain a license […]
520.79 – Unauthorized charges.
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 or charges shall be applied to the next maturing installment or, if the contract has been fully paid, remitted to the owner, and the owner shall be entitled to […]
520.57 – Penalties.
520.57 Penalties.— (1) Any person who willfully and intentionally violates any provision of s. 520.995 or engages in the business of a sales finance company without obtaining a license is guilty of a misdemeanor of the first degree, punishable as provided in s. 775.082 or s. 775.083. (2) In the case of a willful violation of this part […]
520.80 – Mortgages, promissory notes.
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 least 10-point boldfaced type: “Payment of this note or mortgage is subject to the terms of a home improvement installment contract of even date between maker and payee […]
520.60 – Short title.
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. 77-457; s. 21, ch. 80-256; s. 2, ch. 81-318; ss. 35, 36, ch. 90-103; s. 4, ch. 91-429.