(1) For all home improvement contracts pursuant to which there is a lien, mortgage, or encumbrance upon the goods or real property, upon payment in full by the owner of the time sales price and other amounts lawfully due under a home improvement contract, the holder shall:
(a) Return to the owner the original instruments evidencing indebtedness under a home improvement contract which were signed by the owner or the owner’s sureties or guarantors in connection with such contract, excepting such instruments as are filed with a public official and retained in the files of such official;
(b) Release all security interest in the goods and real property affected by the contract;
(c) Deliver to the owner such good and sufficient assignments, releases of liens and mortgages on personal and real property, and such other instruments of title as may be necessary to vest the owner with complete evidence of title.
(2) For all other home improvement contracts, the holder, upon payment in full by the owner of the time sales price and other amounts lawfully due under the home improvement contract, shall furnish the owner with such instruments as the commission may by rule provide.
History.—s. 1, ch. 69-44; ss. 12, 35, ch. 69-106; 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; s. 697, ch. 97-103; s. 631, ch. 2003-261.
Structure Florida Statutes
Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations
Chapter 520 - Retail Installment Sales
Part V - Home Improvement Sales and Finance (Ss. 520.60-520.98)
520.68 - Persons not required to be licensed.
520.69 - Scope of license authority; scope of provisions.
520.70 - Employee of the seller.
520.71 - Contract copy to owner.
520.72 - Cancellation of contract.
520.73 - Home improvement contract; form and content; separate disclosures.
520.74 - Provisions expressly prohibited.
520.75 - Buyer’s waiver of statutory protection.
520.76 - Insurance provisions, procurement, rates.
520.78 - Finance charge limitation.
520.785 - Simple-interest contracts.
520.79 - Unauthorized charges.
520.80 - Mortgages, promissory notes.
520.81 - Completion certificate.
520.82 - Statement of account.
520.83 - Cancellation of contract on payment in full.
520.84 - Credit to owner on prepayment.
520.85 - Delinquency and collection charges; court costs and attorney’s fees.
520.86 - Extension or deferment.
520.87 - Receipt for cash payment; payment to assignor.
520.88 - Assignments of contracts or notes.
520.91 - Uttering a false completion certificate.