687.148 – Duties and Powers of the Commission and Office.
687.148 Duties and powers of the commission and office.— (1) The office is responsible for the administration and enforcement of this act. (2) The commission may adopt such rules as it may deem necessary in the administration of this act and not inconsistent therewith. History.—s. 9, ch. 91-87; s. 1878, ch. 2003-261.
687.15 – Benchmark Replacements for the London Interbank Offered Rate.
1687.15 Benchmark replacements for the London Interbank Offered Rate.— (1) The Legislature finds that the discontinuation of the London Interbank Offered Rate (LIBOR) as a viable interest rate threatens the continued viability of certain contracts, securities, and instruments and the rights of the parties to those contracts, securities, or instruments. Furthermore, the threat of unknown and potentially […]
687.142 – Responsibility of Principals.
687.142 Responsibility of principals.—Each principal of a loan broker may be sanctioned for the actions of the loan broker, including its agents or employees, in the course of business of the loan broker. History.—s. 3, ch. 91-87.
687.143 – Loan Brokers; Investigations; Cease and Desist Orders; Administrative Fines.
687.143 Loan brokers; investigations; cease and desist orders; administrative fines.— (1) The office may investigate the actions of any person for compliance with this act. (2) The office may order a loan broker to cease and desist whenever the office determines that the loan broker has violated or is violating or will violate any provision of this act, […]
687.0304 – Credit Agreements.
687.0304 Credit agreements.— (1) DEFINITIONS.—For the purposes of this section: (a) “Credit agreement” means an agreement to lend or forbear repayment of money, goods, or things in action, to otherwise extend credit, or to make any other financial accommodation. (b) “Creditor” means a person who extends credit under a credit agreement with a debtor. (c) “Debtor” means a person who […]
687.144 – Investigations; Examinations; Subpoenas; Hearings; Witnesses.
687.144 Investigations; examinations; subpoenas; hearings; witnesses.— (1) The office may make investigations and examinations upon reasonable suspicion within or outside of this state as it deems necessary to determine whether a person has violated or is about to violate any provision of this act or any rule or order promulgated thereunder. (2) The office may gather evidence in […]
687.031 – Construction, Ss. 687.02 and 687.03.
687.031 Construction, ss. 687.02 and 687.03.—Sections 687.02 and 687.03 shall not be construed to repeal, modify or limit any or either of the special provisions of existing statutory law creating exceptions to the general law governing interest and usury and specifying the interest rates and charges which may be made pursuant to such exceptions, including but […]
687.145 – Injunction to Restrain Violations.
687.145 Injunction to restrain violations.— (1) Whenever the office determines, from evidence satisfactory to it, that any person has engaged, is engaged, or is about to engage in an act or practice constituting a violation of this act or a rule or order promulgated thereunder, the office may bring action in the name and on behalf of […]
687.04 – Penalty for Usury; Not to Apply in Certain Situations.
687.04 Penalty for usury; not to apply in certain situations.—Any person, or any agent, officer, or other representative of any person, willfully violating the provisions of s. 687.03 shall forfeit the entire interest so charged, or contracted to be charged or reserved, and only the actual principal sum of such usurious contract can be enforced in […]
687.146 – Criminal Penalties.
687.146 Criminal penalties.—Whoever violates any provision of this act commits a felony of the third degree, punishable as provided in s. 775.082, s. 775.083, or s. 775.084. History.—s. 7, ch. 91-87.