Florida § 159.618 - Additional remedies conferrable by a housing finance authority.
Full text of Florida Florida Statutes § 159.618 — Additional remedies conferrable by a housing finance authority., with citation guidance and answers to common questions.
§ 159.618. Additional remedies conferrable by a housing finance authority.
A housing finance authority shall have power by resolution, trust indenture, or other contract to confer upon any obligee holding or representing a specified amount in bonds, the right, in addition to all rights that may otherwise be conferred, upon the happening of an event of default as defined in such resolution or instrument, by suit, action, or proceeding in any court of competent jurisdiction: (1) To obtain the appointment of a receiver of any payments made pursuant to any loan agreement or sale of any loan. If such receiver is appointed, he or she may collect and receive all payments made pursuant to any such loan agreement or sale of any loan or loan commitment and shall keep such moneys in a separate account or accounts and apply the same in accordance with the obligations of said housing finance authority as the court shall direct. (2) To require the housing finance authority and the members thereof to account as if it and they were the trustees of an express trust.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 159.618
What does Florida Statutes § 159.618 cover?
Section 159.618 ("Additional remedies conferrable by a housing finance authority.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 159.618?
A common citation format is "Florida Statutes § 159.618" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 159.618 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.