Legal Updates From David S. Ged, P.A.

Changes to PIP Statute Effective January 1, 2008

admin — Mon, 09 Jun 2008 17:35:02 +0000

Florida Motor Vehicle No Fault Law. ss. 627.730 - 627.7405, F.S., has been reenacted and revised as of January 1, 2008. Personal injury protection coverage will continue to pay 80% of medical expenses up to $10,000.00. However, the benefits are limited to services and care lawfully provided, supervised, ordered or prescribed by a licensed physician, osteopath, chiropractor or dentist

New Verification of Contract Deposits Required

admin — Mon, 09 Jun 2008 17:33:41 +0000

Effective Dec. 6, 2007, new Florida administrative rule, Fla. Admin. Code R. 61j2-14.008(2) (b), requires real estate licensees who prepare or present a sales contract to state on the contract the name, address, and telephone number of the attorney or title company who will be holding a deposit. It requires the licensee’s broker to request written verification of the receipt of the deposit from the attorney or title company within three business days after each deposit is due.

Housing Stimulus Package Update

admin — Thu, 17 Apr 2008 17:19:39 +0000

Mortgage Bankers Association of Southwest Florida Legislative Update
April 17, 2008

Housing Stimulus Package – Senate

On April 3rd, the Senate began debate on a Housing Stimulus Package designed to address the instability in the housing market. This bill did not include a bankruptcy “cramdown” provision. Although an effort was made on the Senate floor to add this provision by amendment (it ultimately voted down).