§ 687.09, Fla. Stat. · Chapter 687. INTEREST AND USURY; LENDING PRACTICES
Persons accepting chattel mortgage as security for loans under $100 to cause amount as principal, interest, and fees to be inserted.
Text — 2026 Florida Statutes
Every mortgagee accepting a mortgage on personal property as security for the repayment of a loan of money less than $100 shall cause to be stated in such mortgage, separately and distinctly, the several amounts secured as principal, interest and fees, and any mortgagee willfully violating the provisions of this section shall forfeit all interest and fees secured by such mortgage, and be entitled to recover only the principal sum.
Notes and commentary — not statutory text
History
s. 7, ch. 5960, 1909; RGS 4857; CGL 6944.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0687/0687.html
- Text hash
- sha256 8c10035c8f67f0bd62dbeedbb853c57e8f61943626c0cb355b6b0d750e242870
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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Cited by 1 provision
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