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Florida Statute 687.12 - Full Text and Legal Analysis
Florida Statute 687.12 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
F.S. 687.12 Case Law from Google Scholar Google Search for Amendments to 687.12

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS
Chapter 687
INTEREST AND USURY; LENDING PRACTICES
View Entire Chapter
F.S. 687.12
687.12 Interest rates; parity among licensed lenders or creditors.
(1) Any lender or creditor licensed or chartered under chapter 516, chapter 520, chapter 657, chapter 658 or former chapter 659, former chapter 664 or former chapter 656, chapter 665, or part XV of chapter 627; any lender or creditor located in this state and licensed or chartered under the laws of the United States and authorized to conduct a lending business; or any lender or creditor lending through a licensee under part III of chapter 494, is authorized to charge interest on loans or extensions of credit to any person as defined in s. 1.01, or to any firm or corporation, at the maximum rate of interest permitted by law to be charged on similar loans or extensions of credit made by any lender or creditor in this state, except that the statutes governing the maximum permissible interest rate on any loan or extension of credit, and other statutory restrictions relating thereto, also govern the amount, term, permissible charges, rebate requirements, and restrictions for a similar loan or extension of credit made by any lender or creditor.
(2) This section shall be construed to permit any lender or creditor which is otherwise authorized to make a particular loan or extension of credit to charge interest at a rate permitted to be charged by other lenders or creditors on similar loans or extensions of credit, but shall not be construed to grant any lender or creditor the power or authority to make any particular type of loan or extension of credit which it is not otherwise authorized to make. For purposes of this section, direct loans for the purchase of goods or services, and extensions of credit for the acquisition of goods or services by the seller or provider thereof, shall be deemed to be similar loans or extensions of credit.
(3) In making loans or extensions of credit, lenders or creditors shall be subject only to the licenses, examinations, regulations, documents, procedures, and disclosures required by the respective laws under which each lender or creditor is licensed or organized, and not to those required by laws governing other lenders or creditors.
(4) In making loans or extensions of credit at a rate of interest that, but for this section, would not be authorized, lenders or creditors shall indicate on the promissory note or other instrument evidencing the loan or extension of credit the specific chapter of the Florida Statutes authorizing the interest rate charged.
History.s. 1, ch. 77-371; s. 259, ch. 79-400; s. 474, ch. 81-259; s. 60, ch. 91-245; s. 206, ch. 92-303; s. 69, ch. 2009-241.

F.S. 687.12 on Google Scholar

F.S. 687.12 on CourtListener

Amendments to 687.12


Annotations, Discussions, Cases:

Cases Citing Statute 687.12

Total Results: 5

Nussbaum v. Mortgage Service America Co.

913 F. Supp. 1548, 1995 U.S. Dist. LEXIS 20131, 1995 WL 798521

District Court, S.D. Florida | Filed: Dec 19, 1995 | Docket: 894306

Cited 14 times | Published

borrowers through Fla.Stat. § 665.074(1) and Fla.Stat. § 687.12(1). The Rodash Court did not address the applicability

In Re Hamlett

63 B.R. 492, 1986 Bankr. LEXIS 5620

United States Bankruptcy Court, M.D. Florida | Filed: Jul 28, 1986 | Docket: 1421342

Cited 1 times | Published

Statutes. Mortgage Finance asserts that F.S.A. § 687.12, a parity statute, creates an exception for certain

Nolden v. Summit Fin. Corp.

244 So. 3d 322

District Court of Appeal of Florida | Filed: Apr 25, 2018 | Docket: 64679353

Published

preclude the entry of the summary judgment below. Section 687.12, Florida Statutes (2009), Did Not Require the

ADRIANNE NOLDEN v. SUMMIT FINANCIAL CORP.

District Court of Appeal of Florida | Filed: Apr 25, 2018 | Docket: 6375027

Published

preclude the entry of the summary judgment below. Section 687.12, Florida Statutes (2009), Did Not Require the

South Pointe Development Co. v. Capital Bank

573 So. 2d 939, 1991 Fla. App. LEXIS 217, 1991 WL 2812

District Court of Appeal of Florida | Filed: Jan 15, 1991 | Docket: 64656035

Published

Capital Bank pursuant to Section 687.12, Florida Statutes (1989). Section 687.12, which is entitled “Interest