Florida Statute 687.0303 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 687
INTEREST AND USURY; LENDING PRACTICES

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F.S. 687.0303

687.0303 “Line of credit” defined.—

(1) The term “line of credit,” whenever used in this chapter, means an arrangement under which one or more loans or advances of money may be made available to a debtor in one transaction or a series of related transactions.

(2) The Legislature hereby declares that, as a matter of law, “line of credit,” as such term is defined in this section, is deemed to have been included in and governed by the provisions of this chapter as it existed prior to, on, and subsequent to July 1, 1979.

History.—ss. 2, 3, ch. 80-310.

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Amendments to 687.0303

Arrestable Offenses / Crimes under Fla. Stat. 687.0303

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 687.0303.

Annotations, Discussions, Cases:

Cases Citing Statute 687.0303

Total Results: 3

Credicorp, Inc. v. State, Department of Banking & Finance

Court: Fla. Dist. Ct. App. | Date Filed: 1995-07-17T00:00:00-07:00

Citation: 659 So. 2d 376, 1995 Fla. App. LEXIS 7535

Snippet: of credit, as that term is defined in section 687.0303.10 Appellants contend that the statutory definition… really a line of credit as defined in section 687.0303, Florida Statutes. Similarly, in its solicitations…in this section. . Supra, note 4. . Section 687.0303 provides: (1) The term “line of credit,” whenever

American Seafood, Inc. v. First Union National Bank of Florida

Court: Fla. Dist. Ct. App. | Date Filed: 1990-06-19T00:00:00-07:00

Citation: 562 So. 2d 437, 1990 Fla. App. LEXIS 4438

Snippet: ordinarily indulged had diminished). See also §§ 687.0303 and .0304, Fla.Stat. (1989). No. 89-1001

Beckerman v. Greenbaum

Court: Fla. Dist. Ct. App. | Date Filed: 1983-08-03T00:53:00-07:00

Citation: 439 So. 2d 233

Snippet: ___ Total deductions $ 687,303 Appellant does not challenge items 2 and 3 on