Florida Statute 520.09 | Lawyer Caselaw & Research

The 2024 Florida Statutes

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.

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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 Citing Statute 520.09

Total Results: 7

Commonwealth Land Title Ins. Co. v. Higgins

Court: Fla. Dist. Ct. App. | Date Filed: 2008-03-05T23:53:00-08:00

Citation: 975 So. 2d 1169

Snippet: l Bank v. Langdeau, 371 U.S. 555, 558, 83 S.Ct. 520, 9 L.Ed.2d 523 (1963); see generally, 15 Charles Alan

Landmark Bank of West Broward, NA v. Giroux

Court: Fla. | Date Filed: 1978-03-08T23:53:00-08:00

Citation: 358 So. 2d 180

Snippet: 'l Bank v. Langdeau, 371 U.S. 555, 83 S.Ct. 520, 9 L.Ed.2d 523 (1963). [4] National Bank of North

Beal v. Third National Bank

Court: Fla. Dist. Ct. App. | Date Filed: 1977-10-20T00:00:00-07:00

Citation: 350 So. 2d 840

Snippet: National Bank v. Langdeau, 371 U.S. 555, 83 S.Ct. 520, 9 L.Ed.2d 523 (1963); and Michigan National Bank

Landmark Bank of West Broward v. Giroux

Court: Fla. Dist. Ct. App. | Date Filed: 1977-05-09T00:00:00-07:00

Citation: 345 So. 2d 847

Snippet: National Bank v. Langdeau, 371 U.S. 555, 83 S.Ct. 520, 9 L.Ed.2d 523 (1963). . National Bank of North

Exchange National Bank of Chicago v. Rock

Court: Fla. Dist. Ct. App. | Date Filed: 1967-03-21T00:00:00-08:00

Citation: 197 So. 2d 52

Snippet: Bank at Dallas v. Langdeau, 371 U.S. 555, 83 S.Ct. 520, 9 L.Ed.2d 523. We consider inapplicable the case

Gordon v. Gandy Bridge Company, Etc.

Court: Fla. | Date Filed: 1941-12-16T00:00:00-08:00

Citation: 7 So. 2d 350, 150 Fla. 28, 1941 Fla. LEXIS 1413

Snippet: Well v. Burlington *Page 34 C.R. N. Co., 56 Iowa 520, 9 N.W. 364; Tucker v. Northern P. Terminal Co., 41

Tate v. Clements

Court: Fla. | Date Filed: 1878-01-15T00:00:02-07:52:58

Citation: 16 Fla. 339

Snippet: John., 409; 1 Metcalf, 486; 1 Hill, 572; 2 Hill, 520; 9 Cowen, 420. The new promise relied on is a new