Syfert Injury Law Firm

Your Trusted Partner in Personal Injury & Workers' Compensation

Call Now: 904-383-7448
Florida Statute 665.0711 - Full Text and Legal Analysis
Florida Statute 665.0711 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
F.S. 665.0711 Case Law from Google Scholar Google Search for Amendments to 665.0711

The 2025 Florida Statutes

Title XXXVIII
BANKS AND BANKING
Chapter 665
CAPITAL STOCK ASSOCIATIONS
View Entire Chapter
F.S. 665.0711
665.0711 Loans.As an annual average, based on monthly computations, at least 50 percent of assets other than liquid assets of an association shall be invested in either real estate loans or interests therein on home property or primarily residential property for terms not in excess of 40 years or for such additional terms as may be provided by rule. Recognizing that associations are chartered to serve the convenience and needs of the communities in which they are chartered to do business, that the convenience and needs of communities include the need for credit services as well as deposit services, and that associations have a continuing and affirmative obligation to help meet the credit needs of the local communities in which they are chartered, at least 40 percent of the assets required to be invested by this section shall be secured by property within this state, unless a lower percentage is established by the commission or office pursuant to s. 655.061, except that loans insured or guaranteed in whole or in part by the United States are not subject to this restriction.
History.s. 38, ch. 69-39; ss. 12, 35, ch. 69-106; s. 1, ch. 71-93; s. 1, ch. 74-55; s. 3, ch. 76-168; s. 1, ch. 77-179; s. 1, ch. 77-457; s. 4, ch. 78-40; ss. 11, 15, ch. 79-274; s. 1, ch. 79-592; ss. 38, 57, 58, ch. 80-257; ss. 2, 3, ch. 81-318; ss. 44, 46, ch. 82-214; ss. 49, 51, ch. 84-216; s. 1, ch. 91-307; ss. 1, 183, ch. 92-303; s. 1863, ch. 2003-261.
Note.Former s. 665.381.

F.S. 665.0711 on Google Scholar

F.S. 665.0711 on CourtListener

Amendments to 665.0711


Annotations, Discussions, Cases:

Cases Citing Statute 665.0711

Total Results: 1

Barnett Bank of South Florida, N.A. v. Clarke

712 F. Supp. 1549, 1989 U.S. Dist. LEXIS 11451, 1989 WL 49031

District Court, S.D. Florida | Filed: Apr 5, 1989 | Docket: 1044545

Cited 1 times | Published

(3) make personal and consumer loans, Fla.Stat. § 665.0711; (4) sell money orders, traveler's checks and