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Florida Statute 516.16 - Full Text and Legal Analysis Florida Statute 516.16 | Lawyer Caselaw & Research
Fla. Stat. § 516.16 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
516.16 Confession of judgment; power of attorney; contents of notes and security.—No licensee shall take any confession of judgment or any power of attorney. Nor shall a licensee take any note, promise to pay, or security that does not state the actual amount of the loan, the time for which it is made, and the rate of interest charged, nor any instrument in which blanks are left to be filled after execution. However, with respect to a line of credit, the note, promise to pay, or security need not state the time for which it is made.
History.—s. 15, ch. 10177, 1925; CGL 4013; s. 2, ch. 81-318; s. 5, ch. 86-100; ss. 16, 17, ch. 88-342; s. 4, ch. 91-429; s. 680, ch. 97-103.

Cases Citing F.S. 516.16

Fla. Stat. § 516.16 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
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·Vann v. Accounts Supervision Co., 88 So. 2d 548 (Fla. 1956).

Published | Supreme Court of Florida | 1956 Fla. LEXIS 3827, 58 A.L.R. 2d 1260

Vann, one of the comakers, as prohibited by Section 516.16, Fla.Stat.1955, F.S.A.; and (2) that the note
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Cited as authorityDougherty (1961)
phrase: "rule_authority"
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