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 […]
687.031 – 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.
687.05 – Provisions for Payment of Attorney’s Fees.
687.05 Provisions for payment of attorney’s fees.—No provision for the payment of attorney’s fees, or charge for exchange or similar charge shall render such instrument subject to the terms of any statute of this state, limiting the amount of interest which shall be charged on such instrument. History.—s. 2, ch. 4374, 1895; GS 3107; RGS 4853; […]
687.147 – Actions for Damages.
687.147 Actions for damages.— (1) Any borrower injured by a violation of this act may bring an action for recovery of damages. Judgment shall be entered for actual damages, but in no case less than the amount paid by the borrower to the loan broker, plus reasonable attorney’s fees and costs. An award may also be entered […]
687.06 – Attorney’s Fee in Enforcing Nonusurious Contracts; Proviso; Insurance Premiums; Attorney’s Fee Provided in Note.
687.06 Attorney’s fee in enforcing nonusurious contracts; proviso; insurance premiums; attorney’s fee provided in note.—This chapter shall not be so construed as to prevent provision for the payment of such attorney’s fees as the court may determine in cases brought before the court to be reasonable and just for legal services rendered in enforcing nonusurious contracts, […]
687.071 – Criminal Usury, Loan Sharking.
687.071 Criminal usury, loan sharking.— (1) DEFINITIONS.—The following words and phrases, as used in this section, shall have the following meanings: (a) “Person” shall be construed to be defined as provided in s. 1.01. (b) “Creditor” means any person who makes an extension of credit or any person claiming by, under, or through such person. (c) “Debtor” means any person […]