The 2023 Florida Statutes (including Special Session C)

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

Chapter 520
RETAIL INSTALLMENT SALES

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F.S. 520.09

520.09 Credit upon anticipation of payments.—Notwithstanding the provisions of any retail installment contract to the contrary, any buyer may pay in full at any time before maturity the debt of any retail installment contract and in so paying such debt shall receive a refund credit thereon for such anticipation of payments. The amount of such refund shall represent at least as great a proportion of the finance charge after first deducting from such finance charge an acquisition cost of $25, as the sum of the monthly balances after the month in which prepayment is made, bears to the sum of all the monthly balances under the schedule of payments in the contract. Where the amount of credit is less than $1 no refund need be made.

History.—s. 8, ch. 57-799; s. 4, ch. 69-370; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 21, ch. 80-256; s. 2, ch. 81-318; ss. 35, 36, ch. 90-103; s. 4, ch. 91-429.

F.S. 520.09 on Google Scholar

F.S. 520.09 on Casetext

Amendments to 520.09

Arrestable Offenses / Crimes under Fla. Stat. 520.09

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 520.09.

Annotations, Discussions, Cases:

Cases from cite.case.law:

IN RE PETTERS COMPANY, INC. LLC PC LLC LLC SPF LLC PL LLC MGC PAC LLC A. BMO v. BMO N. A. M I, 565 B.R. 154 (Bankr. D. Minn. 2017)

. . . . §§ 520.08 and 520.09 by converting savings certificates to a cashier’s check, reasoned that the actual . . . It was the type of conduct that the provisions in §§ 520.08 and 520.09 were intended to prevent that . . . Buffets, 732 F.3d at 900 (internal citations omitted); citing Minn.Stat. § 520.09; Rodgers v. . . .

BUFFETS, INC. a OCB LLC, a s a a s, a LLC, a v. LEISCHOW, BMO M I U. S. N. A., 732 F.3d 889 (8th Cir. 2013)

. . . . § 520.09, then the violation «may be an intentional tort under Minnesota law, cf. Florenzano v. . . . Minn.Stat. §§ 520.07, 520.09. . . . Id. § 520.09. . . . Minn.Stat. § 520.09. . . . Id. § 520.09; McCartney, 2001 WL 436154, at *1. . . .

BUFFETS, INC. a OCB LLC, a s a a s, a LLC, a v. LEISCHOW, BMO M I U. S. N. A., 732 F.3d 889 (8th Cir. 2013)

. . . . § 520.09, then the violation may be an intentional tort under Minnesota law, cf. Florenzano v. . . . Minn.Stat. §§ 520.07, 520.09. . . . Id. § 520.09. . . . Minn.Stat. § 520.09. . . . Id. § 520.09; McCartney, 2001 WL 436154, at *1. . . .

AMERICAN NATIONAL BANK OF SAINT PAUL, v. NATIONAL INDEMNITY COMPANY OF OMAHA,, 222 F.2d 513 (8th Cir. 1955)

. . . indebtedness to it, the defendant also relies upon the provisions of Minnesota Statutes Annotated, Section 520.09 . . . , which is as follows: “520.09 Deposit in fiduciary’s personal account. . . .