Florida Regulations 69B-124.001: Definitions
Current as of: 2024 | Check for updates
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(1) Lender, as used in these rules, shall mean mortgagee and/or servicing agent of the mortgagee, provided the servicing agent is bound by the requirements approved by the mortgagee.
(2) Borrower, as used in these rules, shall mean mortgagor.
(3) Chief Financial Officer, as used in these rules, shall mean the Chief Financial Officer.
(4) Renewal, as used in these rules, shall mean a renewal policy by another policy contract or a renewal certificate.
(5) Anniversary date, as used in these rules, shall mean the yearly return of the inception or effective date of the policy in force.
Rulemaking Authority 624.308, 626.9611 FS. Law Implemented 624.307(1), 626.9551(1) FS. History-New 12-24-74, Formerly 4-3.01, 4-3.001, 4-124.001.
Terms Used In Florida Regulations 69B-124.001
- Contract: A legal written agreement that becomes binding when signed.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
(3) Chief Financial Officer, as used in these rules, shall mean the Chief Financial Officer.
(4) Renewal, as used in these rules, shall mean a renewal policy by another policy contract or a renewal certificate.
(5) Anniversary date, as used in these rules, shall mean the yearly return of the inception or effective date of the policy in force.
Rulemaking Authority 624.308, 626.9611 FS. Law Implemented 624.307(1), 626.9551(1) FS. History-New 12-24-74, Formerly 4-3.01, 4-3.001, 4-124.001.