(1) The provisions of this chapter, other than s. 687.071, shall not apply to any loan made by any international bank agency or any bank, including an Edge Act corporation, organized under the laws of the United States or this state to borrowers who are neither residents nor citizens of the United States if such loan is clearly related to, and usual in, international or foreign business.
(2) The provisions of this chapter shall not apply to any international banking facility “deposit,” “borrowing,” or “extension of credit,” as those terms are defined by the commission pursuant to s. 655.071.
History.—s. 1, ch. 79-138; s. 10, ch. 81-179; s. 1872, ch. 2003-261.
Structure Florida Statutes
Title XXXIX - Commercial Relations
Chapter 687 - Interest and Usury; Lending Practices
687.01 - Rate of Interest in Absence of Contract.
687.02 - “Usurious Contracts” Defined.
687.03 - “Unlawful Rates of Interest” Defined; Proviso.
687.0303 - “Line of Credit” Defined.
687.031 - Construction, Ss. 687.02 and 687.03.
687.04 - Penalty for Usury; Not to Apply in Certain Situations.
687.05 - Provisions for Payment of Attorney’s Fees.
687.071 - Criminal Usury, Loan Sharking.
687.12 - Interest Rates; Parity Among Licensed Lenders or Creditors.
687.125 - Compounding of Interest.
687.13 - International Transactions.
687.141 - Loan Brokers; Prohibited Acts.
687.142 - Responsibility of Principals.
687.143 - Loan Brokers; Investigations; Cease and Desist Orders; Administrative Fines.
687.144 - Investigations; Examinations; Subpoenas; Hearings; Witnesses.
687.145 - Injunction to Restrain Violations.
687.147 - Actions for Damages.
687.148 - Duties and Powers of the Commission and Office.
687.15 - Benchmark Replacements for the London Interbank Offered Rate.