Battle Wages on in Florida Legislature Over Assignment of Benefits (Update: Meeting Postponed)
A meeting will be held this Thursday in Tallahassee, FL on the subject.
(Update: Thursday's meeting has been postponed, as Senate Bill 708 that relates to assignment of benefits has been held up. Stay tuned to R&R for more updates.)
You may remember last year’s Florida House Bill 909, which would have taken away the homeowner’s ability to assign rights and benefits under their insurance contract. Essentially, it would have shifted risk from the insurance company to the mortgage holder and wouldn’t guarantee that a contractor be paid for any work after it was completed.