The 2023 Florida Statutes (including Special Session C)

Title XXXIX
COMMERCIAL RELATIONS

Chapter 687
INTEREST AND USURY; LENDING PRACTICES

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F.S. 687.08

687.08 Person lending money to give borrower receipt for payments; contents of receipt; penalty for violation.—

(1) Every person, or the agent, officer, or other representative of any person, lending money in this state upon security shall, whenever the borrower of such money makes a payment of any money, either principal or interest, immediately upon such payment being made, give to the borrower a receipt, dated of the date of such payment, which receipt shall state the amount paid and for what such payment is made. If such payment is for interest on the sum borrowed, the receipt shall so state. If the sum so paid is to be applied to the payment of the principal sum borrowed, the receipt shall so state. Every such receipt shall be duly and properly signed by the person, or the agent, officer, or other representative of the person, to whom such money is paid. In lieu of providing such receipt, a lender may furnish to the borrower an annual statement showing the amount of interest paid on the loan during the previous year as well as the remaining balance on the loan; except that a simple receipt shall be given to the borrower for each payment which is made in cash or for any payment for which receipt is requested in writing by the borrower.

(2) Whoever refuses, upon demand, to give a receipt or statement complying with the requirements of this section shall forfeit the entire interest upon such principal sum to the borrower.

History.—s. 6, ch. 5960, 1909; RGS 4856; CGL 6943; s. 4, ch. 84-193.

F.S. 687.08 on Google Scholar

F.S. 687.08 on Casetext

Amendments to 687.08

Arrestable Offenses / Crimes under Fla. Stat. 687.08

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 687.08.

Annotations, Discussions, Cases:

Cases from cite.case.law:

SECURITIES INVESTMENT COMPANY OF ST. LOUIS, v. INDIAN WATERS DEVELOPMENT CORPORATION, A. M. C. T. A. S., 501 F.2d 662 (5th Cir. 1974)

. . . . § 687.08. Borrowers’ demands were all made after this lawsuit was filed. . . . F.S.A. § 687.08 Persons lending money to give borrower receipt for payments; contents of receipt; penalty . . .

FIRST MORTGAGE CORPORATION OF VERO BEACH, a v. W. STELLMON I., 170 So. 2d 302 (Fla. Dist. Ct. App. 1964)

. . . successive statutory revisions, and now appears as Sections 687.02, 687.03, 687.04, 687.06, 687.07, 687.08 . . .

, 118 Ct. Cl. 625 (Ct. Cl. 1951)

. . . Boyle-687.08 Joseph W. Burke-977.27 Laurens L. . . .

JOSEPH MELTZER, INC. OF NEW JERSEY v. UNITED STATES, 77 F. Supp. 1018 (Ct. Cl. 1948)

. . . who had the power to determine what the content' of the concrete mix should be, the plaintiff placed 687.08 . . .

JOSEPH MELTZER, INC. OF NEW JERSEY, v. THE UNITED STATES, 111 Ct. Cl. 389 (Ct. Cl. 1948)

. . . who had the power to determine what the content of the concrete mix should be, the plaintiff placed 687.08 . . .

INTERURBAN GENERAL CONTRACTING CO. OF NEW YORK v. UNITED STATES, VICTORIA WHITE GRANITE CO. OF OHIO,, 229 F. 588 (D. Mass. 1916)

. . . the judgment by default before mentioned was rendered against it for the amount of the declaration, $687.08 . . .