520.73 – Home improvement contract; form and content; separate disclosures.
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 the form approved by the office and shall contain: (a) The name, address, and license number of the home improvement finance seller; (b) The […]
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 […]
520.79 – 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 […]
520.80 – 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.
520.81 – Completion certificate.
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 be signed by both parties. (2) The form of the certificate shall be prescribed by the commission. History.—s. 1, ch. 69-44; ss. 12, 35, ch. 69-106; s. 3, ch. […]