Web687.02 Usurious contracts defined.— (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 hereby declared usurious. Web687.04 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 any court in this …

Chapter 687 Section 04 - 2024 Florida Statutes - The Florida …

Web687.12 Interest rates; parity among licensed lenders or creditors. --. (1) Any lender or creditor licensed or chartered under the provisions of chapter 516, chapter 520, … WebSection 687.02 - "Usurious contracts" defined (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 hereby declared usurious. state school of nursing warri

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Web(2) (a) The provisions of this section and of s. 687.02 shall not apply to loans or other advances of credit made pursuant to: 1. A commitment to insure by the Federal Housing Administration. 2. A commitment to guarantee by the United States Department of … Web(2) (a) The provisions of this section and of s. 687.02 shall not apply to loans or other advances of credit made pursuant to: 1. A commitment to insure by the Federal Housing Administration. 2. A commitment to guarantee by the United States Department of … WebChapter 687 INTEREST AND USURY; LENDING PRACTICES SECTION 01 Rate of interest in absence of contract. 687.01 Rate of interest in absence of contract.—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. state school orphanage museum