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20 chapters · 893 sections in this title.
Fla. Stat. § 687.01 Rate of interest in absence of contract
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In all cases where interest shall accrue without a special contract for the rate thereof, the rate is the rate provided for in s. 55.03.History.—s. 1, ch. 1483, 1866; ss. 1, 2, ch. 1562, 1866; RS 2320; GS 3103; RGS 4849; CGL 6936; s. 1, ch. 22745, 1945; s. 1, ch. 82-42; s. 10, ch…
Fla. Stat. § 687.02 “Usurious contracts” defined
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(1) All contracts for the payment of interest upon any loan, advance of money, line of credit, or forbearance to enforce the collection of any debt, or upon any obligation whatever, at a higher rate of interest than the equivalent of 18 percent per annum simple interest are hereb…
Fla. Stat. § 687.03 “Unlawful rates of interest” defined; proviso
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(1) Except as provided herein, it shall be usury and unlawful for any person, or for any agent, officer, or other representative of any person, to reserve, charge, or take for any loan, advance of money, line of credit, forbearance to enforce the collection of any sum of money, o…
Fla. Stat. § 687.0303 “Line of credit” defined
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(1) The term “line of credit,” whenever used in this chapter, means an arrangement under which one or more loans or advances of money may be made available to a debtor in one transaction or a series of related transactions.(2) The Legislature hereby declares that, as a matter of …