Florida Statute 673.1121 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 673
UNIFORM COMMERCIAL CODE: NEGOTIABLE INSTRUMENTS

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F.S. 673.1121

673.1121 Interest.—

(1) Unless otherwise provided in the instrument:

(a) An instrument is not payable with interest; and

(b) Interest on an interest-bearing instrument is payable from the date of the instrument.

(2) Interest may be stated in an instrument as a fixed or variable amount of money, or it may be expressed as a fixed or variable rate or rates. The amount or rate of interest may be stated or described in the instrument in any manner and may require reference to information not contained in the instrument. If an instrument provides for interest, but the amount of interest payable cannot be ascertained from the description, interest is payable at the judgment rate in effect at the place of payment of the instrument and at the time interest first accrues.

History.—s. 2, ch. 92-82.

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Amendments to 673.1121

Arrestable Offenses / Crimes under Fla. Stat. 673.1121

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 673.1121.

Annotations, Discussions, Cases:

Cases Citing Statute 673.1121

Total Results: 1

Thompson v. First Union National Bank

Court: Fla. Dist. Ct. App. | Date Filed: 1994-10-14T00:00:00-07:00

Citation: 643 So. 2d 1179, 1994 Fla. App. LEXIS 9963

Snippet: amendments are now set forth in sections 673.1041 and 673.1121(2), Florida Statutes (1993). .In this regard