Florida Statute 687.143 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 687
INTEREST AND USURY; LENDING PRACTICES

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F.S. 687.143

687.143 Loan brokers; investigations; cease and desist orders; administrative fines.—

(1) The office may investigate the actions of any person for compliance with this act.

(2) The office may order a loan broker to cease and desist whenever the office determines that the loan broker has violated or is violating or will violate any provision of this act, any rule of the commission, order of the office, or written agreement entered into with the office.

(3) The office may impose and collect an administrative fine against any person found to have violated any provision of this act, any rule of the commission, order of the office, or written agreement entered into with the office in any amount not to exceed $5,000 for each such violation. All fines collected hereunder shall be deposited in the Bureau of Financial Investigations Administrative Trust Fund.

History.—s. 4, ch. 91-87; s. 3, ch. 97-60; s. 1875, ch. 2003-261.

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Amendments to 687.143

Arrestable Offenses / Crimes under Fla. Stat. 687.143

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 687.143.

Annotations, Discussions, Cases:

Cases Citing Statute 687.143

Total Results: 1

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

Court: District Court of Appeal of Florida | Date Filed: 1995-07-17

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

Snippet: within the permissible range as found in section 687.143 and is supported by competent substantial evidence