§ 687.125, Fla. Stat. · Chapter 687. INTEREST AND USURY; LENDING PRACTICES
Compounding of interest.
Verbatim from the official edition
Text — 2026 Florida Statutes
Interest or finance charges on any loan or extension of credit secured by a mortgage which contains a provision for the compounding of interest may be compounded provided the total amount of interest received by the lender as a result of such compounding, including interest upon interest, produces an effective yield which does not exceed any interest rate limitation imposed by applicable law.
Notes and commentary — not statutory text
History
s. 47, ch. 82-214.
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
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.