The 2023 Florida Statutes (including Special Session C)

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

Chapter 516
CONSUMER FINANCE

View Entire Chapter

F.S. 516.35

516.35 Credit insurance must comply with credit insurance act.—

(1) Tangible property offered as security may be reasonably insured against loss for a reasonable term, considering the circumstances of the loan. If such insurance is sold at standard rates through a person duly licensed by the Department of Financial Services and if the policy is payable to the borrower or any member of her or his family, it shall not be deemed to be a collateral sale, purchase, or agreement even though a customary mortgagee clause is attached or the licensee is a coassured.

(2) Credit property, credit life, and disability insurance may be provided at the expense of the borrowers and must be provided under a group or individual insurance policy which complies with ss. 627.676-627.684 and lawful regulations thereunder. The cost of such insurance shall be deducted from the principal amount of the loan and shall be disclosed on the statement required by s. 516.15(1) or on a combined note and disclosure statement required by the federal Truth in Lending Act.

History.—s. 12, ch. 73-192; s. 2, ch. 81-318; s. 536, ch. 82-243; ss. 14, 16, 17, ch. 88-342; s. 4, ch. 91-429; s. 681, ch. 97-103; s. 582, ch. 2003-261; s. 14, ch. 2004-390.

F.S. 516.35 on Google Scholar

F.S. 516.35 on Casetext

Amendments to 516.35

Arrestable Offenses / Crimes under Fla. Stat. 516.35

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 516.35.

Annotations, Discussions, Cases:

Cases from cite.case.law:

STATE v. BEACH BLVD AUTOMOTIVE, INC. a a O. Sr., 139 So. 3d 380 (Fla. Dist. Ct. App. 2014)

. . . Section 516.35, Florida Statutes (2011), which is entitled “Credit insurance must comply with credit . . .

ROSS, v. UNITED STATES, 949 F. Supp. 2d 272 (D.D.C. 2013)

. . . $2,848.25 $4,449.83 76-H, 77-H Q4 2000 $4,143.89 $2,253.79 ), 316.27 76-G, 77-G, 48 Q1 2001 $12,037.34 $516.35 . . .

REDLAND SOCCER CLUB, INC. a a G. J. a G. F. M. T. a F. M. C. a F. M. J. Jr. M. J. a J. Jr. M. J. a J. Jr. M. W. M. a W. A. a W. J. M. a J. M. a J. M. W. L. M. a W. L. C. a W. L. E. A. a a L. R. a L. L. D. L. a L. D. B. a L. D. D. a L. D. G. G. G. II, H. J. J. a H. J. M. a H. J. R. A. a R. H. a a E. P. H. a E. P. P. a E. P. P. a a M. S. M. a M. S. T. a M. S. E. L. C. a L. A. Jr. M. a A. M. a A. M. E. R. M. a E. R. E. a E. R. A. a E. R. G. J. a G. J. P. O L. O O O O A. T. a A. A. a A. J. L. a J. L. S. J. a S. M. a P. Jr. A. A. a P. Jr. A. A. a P. Jr. A. J. a P. Jr. A. D. a P. Jr. A. a a C. Jr. L. S. M. a C. Jr. L. a C. Jr. L. V. Sr. A. V. Jr. M. L. L. D. J. a R. J. L. M. A L. M. a L. K. P. a K. M. a B. A. E. M. B. a B. A. C. a B. A. III, A. IV, a III, a III, a III, H. Jr. a a E. L. A. E. D. v. DEPARTMENT OF THE ARMY OF THE UNITED STATES, 55 F.3d 827 (3d Cir. 1995)

. . . . § 516.35(d). . . .

SKARO, v. EASTERN SAVINGS BANK,, 866 F. Supp. 229 (W.D. Pa. 1994)

. . . counterclaim seeks to recover amounts unpaid by plaintiffs on the Side Agreement, allegedly totalling $28,-516.35 . . .

ASTOR TRUST CO. v. E. V. WHITE CO., 241 F. 57 (4th Cir. 1917)

. . . agreement for a lien on each and all of the vessels, White & Co. furnished supplies to the amount of $516.35 . . .

v., 91 U.S. 704 (U.S. 1875)

. . . . $515.75 „ „ on gold 60 516.35 366.75 Carried forward . . . $1,382.28 Brought forward . .$1,382.28 Oct . . .