The 2023 Florida Statutes (including Special Session C)

Title XXXIII
REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS

Chapter 516
CONSUMER FINANCE

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F.S. 516.16

516.16 Confession of judgment; power of attorney; contents of notes and security.—No licensee shall take any confession of judgment or any power of attorney. Nor shall a licensee take any note, promise to pay, or security that does not state the actual amount of the loan, the time for which it is made, and the rate of interest charged, nor any instrument in which blanks are left to be filled after execution. However, with respect to a line of credit, the note, promise to pay, or security need not state the time for which it is made.

History.—s. 15, ch. 10177, 1925; CGL 4013; s. 2, ch. 81-318; s. 5, ch. 86-100; ss. 16, 17, ch. 88-342; s. 4, ch. 91-429; s. 680, ch. 97-103.

F.S. 516.16 on Google Scholar

F.S. 516.16 on Casetext

Amendments to 516.16

Arrestable Offenses / Crimes under Fla. Stat. 516.16

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 516.16.

Annotations, Discussions, Cases:

Cases from cite.case.law:

NIEDDU, v. LIFETIME FITNESS, INC. LTF LLC, LTF CMBS LTF, 38 F. Supp. 3d 849 (S.D. Tex. 2014)

. . . . § 516.16 provides in part, "With respect to each employee of a retail or service establishment exempt . . .

NIEDDU, v. LIFETIME FITNESS, INC. LTF LLC, LT CMBS LTF, 977 F. Supp. 2d 686 (S.D. Tex. 2013)

. . . . § 516.16 provides in part, "With respect to each employee of a retail or service establishment exempt . . .

KUNTSMANN, v. AARON RENTS, INC., 903 F. Supp. 2d 1258 (N.D. Ala. 2012)

. . . See 29 C.F.R.779.420, 516.16 (requiring “employers [to] maintain and preserve payroll and other records . . .

UNITED STATES v. JONES,, 523 F.3d 31 (1st Cir. 2008)

. . . This amount added to the 516.16 kilograms of marijuana equivalent in crack and powder cocaine produced . . .

A. VICIEDO, v. NEW HORIZONS COMPUTER LEARNING CENTER OF COLUMBUS, LTD., 246 F. Supp. 2d 886 (S.D. Ohio 2003)

. . . . § 516.16; and (4) A symbol or letter in its records denoting that the Plaintiffs were regarded as section . . . 7(i) exempt commissioned salespeople, as required by 29 C.F.R. § 516.16. . . .

Co. v., 28 T.C. 153 (T.C. 1957)

. . . reserve was deemed adequate to cover all losses that might be sustained in collecting the accounts ($99,-516.16 . . .

A. VANN L. v. ACCOUNTS SUPERVISION COMPANY, a, 88 So. 2d 548 (Fla. 1956)

. . . Vann, one of the comakers, as prohibited by Section 516.16, Fla.Stat.1955, F.S.A.; and (2) that the note . . .

MANSEAU v. UNITED STATES, 52 F. Supp. 395 (E.D. Mich. 1943)

. . . as income, and he paid his tax under protest and brought this action to recover the difference of $516.16 . . .

UNITED STATES v. VAN DUZEE, 140 U.S. 169 (U.S. 1891)

. . . Judgment having been rendered in favor of petitioner for $516.16, 41 Fed. . . .