687.13 – International Transactions.
687.13 International transactions.— (1) The provisions of this chapter, other than s. 687.071, shall not apply to any loan made by any international bank agency or any bank, including an Edge Act corporation, organized under the laws of the United States or this state to borrowers who are neither residents nor citizens of the United States if […]
687.14 – Definitions.
687.14 Definitions.—As used in this act, unless the context otherwise requires: (1) “Advance fee” means any consideration which is assessed or collected, prior to the closing of a loan, by a loan broker. (2) “Borrower” means a person obtaining or desiring to obtain a loan of money, a credit card, or a line of credit. (3) “Commission” means the […]
687.141 – Loan Brokers; Prohibited Acts.
687.141 Loan brokers; prohibited acts.—No loan broker shall: (1) Assess or collect an advance fee from a borrower to provide services as a loan broker. (2) Make or use any false or misleading representations or omit any material fact in the offer or sale of the services of a loan broker or engage, directly or indirectly, in any […]
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 […]