Florida Statute 687.08 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 687
INTEREST AND USURY; LENDING PRACTICES

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F.S. 687.08

687.08 Person lending money to give borrower receipt for payments; contents of receipt; penalty for violation.—

(1) Every person, or the agent, officer, or other representative of any person, lending money in this state upon security shall, whenever the borrower of such money makes a payment of any money, either principal or interest, immediately upon such payment being made, give to the borrower a receipt, dated of the date of such payment, which receipt shall state the amount paid and for what such payment is made. If such payment is for interest on the sum borrowed, the receipt shall so state. If the sum so paid is to be applied to the payment of the principal sum borrowed, the receipt shall so state. Every such receipt shall be duly and properly signed by the person, or the agent, officer, or other representative of the person, to whom such money is paid. In lieu of providing such receipt, a lender may furnish to the borrower an annual statement showing the amount of interest paid on the loan during the previous year as well as the remaining balance on the loan; except that a simple receipt shall be given to the borrower for each payment which is made in cash or for any payment for which receipt is requested in writing by the borrower.

(2) Whoever refuses, upon demand, to give a receipt or statement complying with the requirements of this section shall forfeit the entire interest upon such principal sum to the borrower.

History.—s. 6, ch. 5960, 1909; RGS 4856; CGL 6943; s. 4, ch. 84-193.

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Amendments to 687.08

Arrestable Offenses / Crimes under Fla. Stat. 687.08

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 687.08.

Annotations, Discussions, Cases:

Cases Citing Statute 687.08

Total Results: 4

Spp Real Est. v. Joseph J. Portuondo, Pa

Court: District Court of Appeal of Florida | Date Filed: 2000-04-05

Citation: 756 So. 2d 182, 2000 WL 346119

Snippet: entered against M-103 Corp. in the amount of $27,687.08. The court reserved jurisdiction as to SPP's claim

Lopez v. State

Court: District Court of Appeal of Florida | Date Filed: 1998-07-29

Citation: 716 So. 2d 301, 1998 WL 422142

Snippet: evidence of guilt." Washington v. State, 445 A.2d at 687. [8] In Price, a witness had testified untruthfully

First Mortgage Corp. v. Stellmon

Court: District Court of Appeal of Florida | Date Filed: 1964-12-09

Citation: 170 So. 2d 302

Snippet: Sections 687.02, 687.03, 687.04, 687.06, 687.07, 687.08 and 687.09, Fla. Stat., F.S.A. These Sections,

Hernandez v. Pensacola Coach Corp.

Court: Supreme Court of Florida | Date Filed: 1940-01-23

Citation: 193 So. 555, 141 Fla. 441, 1940 Fla. LEXIS 800

Snippet: 485, pages 920-23; 5 Am. Jur. par. 345, pages 687-8; 22 R. C. L. par. 15, pages 128-131; Capital Motor