Florida § 420.635 - Loans to qualified buyers.
Full text of Florida Florida Statutes § 420.635 — Loans to qualified buyers., with citation guidance and answers to common questions.
§ 420.635. Loans to qualified buyers.
Contingent upon an appropriation, the Department of Commerce, in consultation with the Office of Urban Opportunity, shall provide loans to qualified buyers who are required to pay the pro rata portion of the bonded debt on single-family housing pursuant to s. 420.634. Loans provided under this section shall be made at a rate of interest which does not exceed the qualified loan rate. A buyer must maintain the qualifications specified in s. 420.633 for the full term of the loan. The loan agreement may contain additional terms and conditions as determined by the department.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 420.635
What does Florida Statutes § 420.635 cover?
Section 420.635 ("Loans to qualified buyers.") 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 § 420.635?
A common citation format is "Florida Statutes § 420.635" (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 § 420.635 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.