Florida Statutes

Fla. Stat. § 687.0303 (2025)

“Line of credit” defined.

✓ 2025 Florida Statutes — current through the 2025 Regular Session

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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.

Notes of Decisions

Cited in 2 cases, 1990–1995 · leading case: Credicorp, Inc. v. State, Dep't of Banking & Fin., 659 So. 2d 376 (Fla. 1st DCA 1995).

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Credicorp, Inc. v. State, Dep't of Banking & Fin., 659 So. 2d 376 (Fla. 1st DCA 1995). · cites it 4× “” Nothing in this mailing informs the consumer that this line of credit has any restrictions or is not really a line of credit as defined in section 687.0303, Florida Statutes. Similarly, in its solicitations, Cred-icorp fails to mention that the Gold Card is actually a catalog…”

Am. Seafood, Inc. v. First Union Nat'l Bank of Florida, 562 So. 2d 437 (Fla. 3d DCA 1990). “See also §§ 687.0303 and .0304, Fla.Stat. (1989).”

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