Florida Statute 494.19 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXIII
REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS

Chapter 494
LOAN ORIGINATORS AND MORTGAGE BROKERS

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F.S. 494.0019

494.0019 Liability in case of unlawful transaction.—

(1) If a mortgage loan transaction is made in violation of any provision of this chapter, the person making the transaction and every licensee, director, or officer who participated in making the transaction are jointly and severally liable to every party to the transaction in an action for damages incurred by the party or parties.

(2) A person is not liable under this section upon a showing that such person’s licensees, officers, and directors who participated in making the mortgage loan transaction, if any, acted in good faith and without knowledge and, with the exercise of due diligence, could not have known of the act committed in violation of this chapter.

History.—ss. 10, 50, ch. 91-245; s. 4, ch. 91-429; s. 210, ch. 92-303; s. 11, ch. 2009-241.

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Amendments to 494.0019

Annotations, Discussions, Cases:

Cases Citing Statute 494.0019

Total Results: 1

Owens-Benniefield v. Nationstar Mortgage LLC

258 F. Supp. 3d 1300

District Court, M.D. Florida | Filed: Jun 15, 2017 | Docket: 64314538

Cited 2 times | Published

includes no language about its enforcement, section 494.0019(1) provides: If a mortgage loan transaction