Florida Statute 687.05 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 687
INTEREST AND USURY; LENDING PRACTICES

View Entire Chapter

687.05 Provisions for payment of attorney’s fees.—No provision for the payment of attorney’s fees, or charge for exchange or similar charge shall render such instrument subject to the terms of any statute of this state, limiting the amount of interest which shall be charged on such instrument.

History.—s. 2, ch. 4374, 1895; GS 3107; RGS 4853; CGL 6940.

F.S. 687.05 on Google Scholar

F.S. 687.05 on CourtListener

Amendments to 687.05

Annotations, Discussions, Cases:

Cases Citing Statute 687.05

Total Results: 1 | Sort by: Relevance | Newest First

Copy

River Hills, Inc. v. Edwards, 190 So. 2d 415 (Fla. 2d DCA 1966).

Cited 15 times | Published | Florida 2nd District Court of Appeal

...The Court finds that the charge for exchange may properly be charged to the borrower and such a charge did not make the loan usurious even though the maximum legal rate of interest is provided for in the note, said charge for exchange being expressly provided for in Florida Statutes 687.05....

...If for the former purpose the loan would be usurious; and if for the latter the few authorities cited by the appellee-lender have held it would not be so infected. (Stevens v. Staples, 64 Minn. 3, 65 N.W. 959; Joffe v. Vonn, 3 Cir., 14 F.2d 50, cited by appellee) The charge for exchange which is contemplated by the statute, Section 687.05, Florida Statutes, F.S.A., and which does not taint the loan with usury, includes actual expenses for making available at a particular place funds on deposit at another place....

This Florida statute resource is curated by Graham W. Syfert, Esq., a Jacksonville, Florida personal injury and workers' compensation attorney. For legal consultation, call 904-383-7448.