Florida Statute 516.26 | 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. 516.26

516.26 Purchase or assignment of wages, salaries, etc.—The payment of $25,000 or less in money, credit, goods, or things in action as consideration for any sale or assignment of or order for the payment of wages, salary, commissions, or other compensation for services, whether earned or to be earned, shall, for the purposes of regulation under, and the enforcement and interpretation of, any law, civil or criminal, relating to loans, interest charges, or usury, be deemed a loan secured by such assignment, and the amount by which such assigned compensation exceeds the amount of such consideration actually paid shall, for the purpose of regulation under, and the interpretation and enforcement of, such law, be deemed interest upon such loan from the date of such payment until the date such compensation is payable. Each such transaction shall be governed by and subject in all respects to all provisions of law relating to loans, interest, charges, usury, and to the same extent as if it had been in form a loan of the sum paid for the assignment.

History.—s. 1, ch. 20209, 1941; s. 14, ch. 57-201; s. 191, ch. 77-104; s. 2, ch. 81-318; ss. 12, 16, 17, ch. 88-342; s. 4, ch. 91-429.

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Amendments to 516.26

Arrestable Offenses / Crimes under Fla. Stat. 516.26

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 516.26.

Annotations, Discussions, Cases:

Cases Citing Statute 516.26

Total Results: 2

VLX Properties, Inc. v. SO. STATES UTILITIES, INC.

Court: District Court of Appeal of Florida | Date Filed: 2001-05-21

Citation: 792 So. 2d 504, 2001 Fla. App. LEXIS 7126, 2001 WL 537156

Snippet: Stuart v. deGive, 177 So.2d 741 (Fla. 2d DCA 1965); *516 26 C.J.S., Deeds, Sec. 28, n. 36 (emphasis added)

Browning v. Department of Business Regulation, Division of Florida Land Sales, Condominiums & Mobile Homes

Court: District Court of Appeal of Florida | Date Filed: 1991-01-18

Citation: 574 So. 2d 188, 1991 Fla. App. LEXIS 422, 1991 WL 4998

Snippet: State ex rel. Giblin v. Sullivan, 26 So.2d 509, 516, 26 So.2d 509 (1946). AFFIRMED IN PART AND REVERSED