06/09/08
Changes to PIP Statute Effective January 1, 2008
Florida Motor Vehicle No Fault Law. ss. 627.730 - 627.7405, F.S., has been reenacted and revised as of January 1, 2008. Personal injury protection coverage will continue to pay 80% of medical expenses up to $10,000.00. However, the benefits are limited to services and care lawfully provided, supervised, ordered or prescribed by a licensed physician, osteopath, chiropractor or dentist
New Verification of Contract Deposits Required
Effective Dec. 6, 2007, new Florida administrative rule, Fla. Admin. Code R. 61j2-14.008(2) (b), requires real estate licensees who prepare or present a sales contract to state on the contract the name, address, and telephone number of the attorney or title company who will be holding a deposit. It requires the licensee’s broker to request written verification of the receipt of the deposit from the attorney or title company within three business days after each deposit is due.
04/17/08
Housing Stimulus Package Update
Mortgage Bankers Association of Southwest Florida Legislative Update
April 17, 2008
Housing Stimulus Package – Senate
On April 3rd, the Senate began debate on a Housing Stimulus Package designed to address the instability in the housing market. This bill did not include a bankruptcy “cramdown” provision. Although an effort was made on the Senate floor to add this provision by amendment (it ultimately voted down).
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