Florida Statute 687.147 - Full Text and Legal Analysis

687.147 Actions for damages.—

(1) Any borrower injured by a violation of this act may bring an action for recovery of damages. Judgment shall be entered for actual damages, but in no case less than the amount paid by the borrower to the loan broker, plus reasonable attorney’s fees and costs. An award may also be entered for punitive damages.

(2) Any borrower injured by a violation of this act may bring an action against the surety bond or trust account, if any, of the loan broker.

(3) The remedies provided under this act are in addition to any other procedures or remedies for any violation or conduct provided for in any other law.

History.—s. 8, ch. 91-87.

Cases Citing F.S. 687.147

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·Betts v. Advance Am., 213 F.R.D. 466 (M.D. Fla. 2003).
Published | District Court, M.D. Florida | 2003 U.S. Dist. LEXIS 2825, 2003 WL 738752
...However, if such loan, advance of money, line of credit, forbearance to enforce the collection of a debt, or obligation exceeds $500,000 in amount or value, then no contract to pay interest thereon is usurious unless the rate of interest exceeds the rate prescribed in s. 687.071. Fla. Stat. § 687.147 (1) provides that: Any borrower injured by a violation of this act may bring an action for recovery of damages....
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Cited as authority(citing case) (2005)
phrase: "rule_authority"
Cited as authorityBessinger (2003)
phrase: "rule_authority"
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Cases Citing F.S. 687.147

·Betts v. Advance Am., 213 F.R.D. 466 (M.D. Fla. 2003).