Fla. Admin. Code Ann. R. 69B-124.015 - Lender, Insurance Information

(1) Section 626.9521, F.S., is interpreted to mean that a lender shall not make use of or disclose any policy information to the detriment of the borrower, purchaser, mortgagor, insurer, insurance agent, or solicitor who furnished or transmitted such insurance policy information, nor shall such policy information be used to the advantage either directly or indirectly of such lender or insurance agents of such lenders selection to substitute, replace, change, or extend an insurance policy.

(2) The borrower, purchaser, or mortgagor in writing may authorize the lender to disclose such policy information to the persons and to the extent specified in such authorization.

Notes

Fla. Admin. Code Ann. R. 69B-124.015

Rulemaking Authority 624.308, 626.9611 FS. Law Implemented 624.307(1), 626.9551(1), 626.9951(1)(d) FS.

New 5-20-64, Repromulgated 12-24-74, Formerly 4-3.15, 4-3.015, 4-124.015.

New 5-20-64, Repromulgated 12-24-74, Formerly 4-3.15, 4-3.015, 4-124.015.