Chapter 665 — Chapter 665
14 sections in this chapter.
Fla. Stat. § 665.012 Definitions
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When used in this chapter, the following words and phrases have the following meanings, except to the extent that any such word or phrase specifically is qualified by its context:(1) “Association” means a capital stock association subject to the provisions of this chapter.(2) “Ca…
Fla. Stat. § 665.013 Applicability of chapter 658
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The following sections of chapter 658, relating to banks and trust companies, are applicable to an association to the same extent as if the association were a “bank” operating thereunder:(1) Section 658.12, relating to definitions.(2) Section 658.16, relating to the creation of a…
Fla. Stat. § 665.0211 Name
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The name of every association shall include either the words “savings association,” “savings bank,” or “savings and loan association.” The use of the words “National,” “Federal,” “United States,” “insured,” or “guaranteed,” separately or in any combination thereof with other word…
Fla. Stat. § 665.0315 Reorganization, merger, or consolidation with a foreign association
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(1) An association shall have power to reorganize or merge or consolidate with a foreign association, as defined in s. 665.1001, subject to the approval of the office.(2) If the resulting or surviving association is to be a foreign association, the office shall not approve the pr…
Fla. Stat. § 665.033 Conversion of state or federal mutual association to capital stock association
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(1) CONVERSION INTO CAPITAL STOCK ASSOCIATION.—Any state or federal mutual association may apply to the office for permission to convert itself into an association operated under the provisions of this chapter in accordance with the following procedures:(a) The board of directors…
Fla. Stat. § 665.0335 Supervisory case; emergency conversion, reorganization, merger; consolidation; acquisition of assets
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(1) The office may determine that a state or federal association is a supervisory case if it finds that:(a) The association is in an impaired condition; or(b) The association is in imminent danger of being in an impaired condition.Any such finding by the office shall be based upo…
Fla. Stat. § 665.034 Acquisition of assets of or control over an association
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(1)(a) In any case in which a person or group of persons propose to purchase or acquire voting common stock of any capital stock association, which purchase or acquisition would cause such person or group of persons to have control, as defined herein, of that association, such pe…
Fla. Stat. § 665.0345 Regulatory supervision of foreign associations
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The office may enter into cooperative agreements with other regulatory agencies to facilitate the regulation of foreign associations doing business in this state. The office may accept reports of examinations and other records from such other agencies in lieu of conducting its ow…
Fla. Stat. § 665.0501 Powers of association generally
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Every association incorporated pursuant to or operating under the provisions of the financial institutions codes shall have all the powers enumerated, authorized, and permitted by this chapter and such other rights, privileges, and powers as may be incidental to or reasonably nec…
Fla. Stat. § 665.0711 Loans
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As an annual average, based on monthly computations, at least 50 percent of assets other than liquid assets of an association shall be invested in either real estate loans or interests therein on home property or primarily residential property for terms not in excess of 40 years …
Fla. Stat. § 665.074 Loan expenses
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Every association may require borrowers to pay all reasonable expenses incurred in connection with the making, closing, disbursing, extending, readjusting, or renewing of real estate loans. Without limiting the generality of the foregoing, such expenses may include appraisal, att…
Fla. Stat. § 665.075 Dealing with successors in interest
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In the case of any investment made by an association in a real estate loan, in the event the ownership of the real estate security or any part thereof becomes vested in a person other than the party or parties originally executing the security instruments, and provided there is n…
Fla. Stat. § 665.1001 Foreign associations
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(1) DEFINED.—For the purposes of this section, the term “foreign association” includes any domestic joint venture, business trust, syndicate, firm, company, association, fiduciary, partnership, or corporation, and all other groups or combinations, by whatever name called, actuall…
Fla. Stat. § 665.1011 Federal associations
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Federal associations, which are incorporated pursuant to the laws of the United States, as now or hereafter amended, and the principal place of business of which is located within this state, are not foreign corporations or foreign associations. Unless federal laws or regulations…