Florida Statute 520.85 - Full Text and Legal Analysis

The 2025 Florida Statutes

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

Chapter 520
RETAIL INSTALLMENT SALES

View Entire Chapter

F.S. 520.85

520.85 Delinquency and collection charges; court costs and attorney’s fees.—A home improvement contract may provide for the payment by the owner of a delinquency and collection charge on each installment in default for a period of not less than 10 days in an amount not in excess of 5 percent of such installment. However, only one such delinquency and collection charge may be collected on any installment, regardless of the period during which it remains in default. A contract may also provide for the payment of court costs actually incurred and of attorney’s fees not exceeding 20 percent of the amount due and payable under such contract, if it is referred to an attorney not a salaried employee of the seller or holder for collection.

History.—s. 1, ch. 69-44; s. 1, ch. 70-149; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 21, ch. 80-256; s. 2, ch. 81-318; ss. 29, 35, 36, ch. 90-103; s. 4, ch. 91-429.

F.S. 520.85 on Google Scholar

F.S. 520.85 on CourtListener

Amendments to 520.85

Annotations, Discussions, Cases:

Cases Citing Statute 520.85

Total Results: 3

Corcoran v. TranSouth Financial Corp. (In Re Corcoran)

268 B.R. 882, 15 Fla. L. Weekly Fed. B 1, 2001 Bankr. LEXIS 1413, 2001 WL 1326912

United States Bankruptcy Court, M.D. Florida | Filed: Oct 1, 2001 | Docket: 1742700

Cited 1 times | Published

be determined as directed by § 520.07(2). Section 520.085 provides that the finance charge may be computed

Nolden v. Summit Fin. Corp.

244 So. 3d 322

District Court of Appeal of Florida | Filed: Apr 25, 2018 | Docket: 64679353

Published

permitted by section 520.08 on the unpaid balance. § 520.085, Fla. Stat. (2009). Here, it is undisputed that

ADRIANNE NOLDEN v. SUMMIT FINANCIAL CORP.

District Court of Appeal of Florida | Filed: Apr 25, 2018 | Docket: 6375027

Published

permitted by section 520.08 on the unpaid balance. § 520.085, Fla. Stat. (2009). Here, it is undisputed that