Florida Statute 516.12 | Lawyer Caselaw & Research

The 2024 Florida Statutes

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

Chapter 516
CONSUMER FINANCE

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F.S. 516.12

516.12 Records to be kept by licensee.—

(1) The licensee shall keep and use in her or his business such books, accounts, and records in accordance with sound and accepted accounting practices to enable the office to determine whether such licensee is complying with the provisions of this chapter and with the rules lawfully made by the commission. Every licensee shall preserve such books, accounts, and records, including cards used in the card system, if any, for at least 2 years after making the final entry on any loan recorded therein.

(2) A licensee, operating two or more licensed places of business in this state, may maintain the books, accounts, and records of all such offices at any one of such offices, or at any other office maintained by such licensee, upon the filing of a written request with the office designating in the written request the office at which such records are maintained. However, the licensee shall make all books, accounts, and records available at a convenient location in this state upon request of the office.

(3) The commission may prescribe by rule the minimum information to be shown in the books, accounts, records, and documents of licensees for purposes of enabling the office to determine the licensee’s compliance with ss. 516.001-516.36. In addition, the commission may prescribe by rule the requirements for the destruction of books, accounts, records, and documents retained by the licensee after completion of the time period specified in subsection (1).

History.—s. 11, ch. 10177, 1925; CGL 4009; s. 5, ch. 20728, 1941; s. 7, ch. 57-201; ss. 12, 35, ch. 69-106; s. 6, ch. 73-192; s. 2, ch. 81-318; s. 1, ch. 85-27; ss. 16, 17, ch. 88-342; s. 4, ch. 91-429; s. 3, ch. 94-108; s. 679, ch. 97-103; s. 5, ch. 99-164; s. 576, ch. 2003-261; s. 30, ch. 2006-213.

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Amendments to 516.12

Arrestable Offenses / Crimes under Fla. Stat. 516.12

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 516.12.

Annotations, Discussions, Cases:

Cases Citing Statute 516.12

Total Results: 10

TRUMAINE MOODY v. STATE OF FLORIDA

Court: District Court of Appeal of Florida | Date Filed: 2018-07-25

Citation: 255 So. 3d 953

Snippet: of his probation and sentences in cases 12-CF-516, 12-CF-518, and 12-CF-520. We affirm without comment

Mertens v. Division of Consumer Services, State, Department of Agriculture & Consumer Services

Court: District Court of Appeal of Florida | Date Filed: 1992-03-09

Citation: 596 So. 2d 89, 1992 Fla. App. LEXIS 1931, 1992 WL 43105

Snippet: cited therein. The division points out that Section 516.12, Florida Statutes (1989), requires licensees to

Leifer v. Leifer

Court: District Court of Appeal of Florida | Date Filed: 1986-06-03

Citation: 489 So. 2d 215, 11 Fla. L. Weekly 1270, 1986 Fla. App. LEXIS 8109

Snippet: 2d 820 (Fla.1982); Smith v. Callison, 152 Fla. 516, 12 So.2d 381 (1943), we affirm the order denying appellant’s

In re Estate of Meghrian

Court: District Court of Appeal of Florida | Date Filed: 1970-02-10

Citation: 231 So. 2d 46

Snippet: on the authority of Smith v. Callison, 152 Fla. 516, 12 So.2d 381; In Re Graham Estate, 156 Fla. 421, 23

In re Estate of MacPhee

Court: District Court of Appeal of Florida | Date Filed: 1968-12-04

Citation: 216 So. 2d 489, 1968 Fla. App. LEXIS 4716

Snippet: estate. Smith et al. v. Callison et al., 152 Fla. 516, 12 So.2d 381.” (Emphasis supplied). We construe the

Coles v. J. L. Reed & Son

Court: District Court of Appeal of Florida | Date Filed: 1961-12-20

Citation: 136 So. 2d 21

Snippet: their position Smith v. Callison, 1943, 152 Fla. 516, 12 So.2d 381, and Lewis v. Gaillard, 1915, 70 Fla

In Re Blankenship's Estate

Court: District Court of Appeal of Florida | Date Filed: 1961-12-20

Citation: 136 So. 2d 21

Snippet: their position Smith v. Callison, 1943, 152 Fla. 516, 12 So.2d 381, and Lewis v. Gaillard, 1915, 70 Fla

In Re Wilmott's Estate

Court: Supreme Court of Florida | Date Filed: 1953-06-05

Citation: 66 So. 2d 465, 1953 Fla. LEXIS 1546, 40 A.L.R. 2d 1399

Snippet: probate of a will. Smith v. Callison, 152 Fla. 516, 12 So.2d 381. The applicant in each case, a moving

Dickenson v. Berger

Court: Supreme Court of Florida | Date Filed: 1945-10-05

Citation: 156 Fla. 421, 23 So. 2d 485, 1945 Fla. LEXIS 879

Snippet: Smith, et al., v. Callison, et al., 152 Fla. 516, 12 So. (2nd) 381. Section 51 of the Probate Act, Section

In Re: Graham Estate

Court: Supreme Court of Florida | Date Filed: 1945-10-05

Citation: 23 So. 2d 485, 156 Fla. 421

Snippet: Smith, et al., v. Callison, et al., 152 Fla. 516, 12 So.2d 381. Section 51 of the Probate Act, Section