More On Equitable Mortgage & Usury (Florida) This florida supreme court case involved the issue of usury in the context of a civil lawsuit brought to have two deeds declared to be mortgages.
According to an April 30 motion filed in Florida state court, J-Lo was allegedly the subject. Scurtis also accuses A-Rod and another business associate of mortgage and insurance fraud in the.
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State Usury Laws – maximum legal interest rates Every state has a Usury Limit (the maximum legal interest rate). When creating a loan agreement, make sure to check the usury limit for the state in which your loan is being made. Your loan’s interest rate should not exceed the state’s usury limit.
Trudeau has a nice bank balance but his statements also show a hefty mortgage – more than $600,000 – on. real challenge – the growing income gap and how to make things more equitable for everyone.
Oakland’s Waypoint cashes in on empty homes Oakland-based Mynd made its first acquisition, buying san diego-based pacific Shore Management as it seeks to bring more technology and innovation into the highly fragmented residential property management industry. Mynd plans to embark on something of a roll-up strategy, looking to buy residential property managers with certain characteristics, such as strong tenant and vendor relationships [.]
This is an action for monetary, injunctive and other equitable and statutory relief brought pursuant to the Florida Deceptive and Unfair Trade Practices Act, Chapter 501 , Part II, Florida Statutes, Florida’s Consumer Finance Act, Chapter 516, Florida Statutes; and Florida’s Interest, Usury and Lending Practices, Chapter 687, Florida Statutes.
Florida law does not use the term "personal loan" at all. Florida statute 687.03 is the usury statute. It provides generally that the maximum interest rate that may be charged on a loan is 18% simple interest unless the loan principal exceeds $500,000, in which case an alternate rate of interest is used for usury.
Second, while there is no specific reference to either the equitable mortgage doctrine or Florida Statute Section 697.01 (which is the Florida legislature’s codification of the equitable mortgage doctrine), it is arguable that the court’s determination that the transaction was a disguised loan represents an implicit determination that the transaction was an equitable mortgage.