Florida Statute 743.5 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XLIII
DOMESTIC RELATIONS

Chapter 743
DISABILITY OF NONAGE OF MINORS REMOVED

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F.S. 743.05

743.05 Removal of disabilities of minors; borrowing money for educational purposes.—For the purpose of borrowing money for their own higher educational expenses, the disability of nonage of minors is removed for all persons who have reached 16 years of age. Such minors are authorized to make and execute promissory notes, contracts, or other instruments necessary for the borrowing of money for this purpose. The promissory notes, contracts, or other instruments so made shall have the same effect as though they were the obligations of persons who were not minors. No such obligation shall be valid if the interest rate on it exceeds the prevailing interest rate for the federal Guaranteed Student Loan Program.

History.—s. 1, ch. 59-268; s. 1, ch. 69-105; s. 2, ch. 71-147; s. 28, ch. 83-291.

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Amendments to 743.05

Annotations, Discussions, Cases:

Cases Citing Statute 743.05

Total Results: 3

Lane v. MRA HOLDINGS, LLC

242 F. Supp. 2d 1205, 2002 U.S. Dist. LEXIS 24111, 2002 WL 31940726

District Court, M.D. Florida | Filed: Nov 26, 2002 | Docket: 8427

Cited 15 times | Published

18 years of age or older." [39] See Fla. Stat. § 743.05. [40] See Fla. Stat. § 743.06. [41] See Rose

Ago

Florida Attorney General Reports | Filed: Dec 13, 2005 | Docket: 3258989

Published

of 18 years). 5 Section 743.04, Fla. Stat. 6 Section 743.05, Fla. Stat. 7 Section 743.06, Fla. Stat. 8

Campbell v. State

771 So. 2d 1205, 2000 Fla. App. LEXIS 13510, 2000 WL 1532910

District Court of Appeal of Florida | Filed: Oct 18, 2000 | Docket: 64801890

Published

to accomplish a particular purpose. See, e.g., § 743.05, Fla. Stat. (1997) (allowing minors to contract