(1) The office may investigate the actions of any person for compliance with this act.
(2) The office may order a loan broker to cease and desist whenever the office determines that the loan broker has violated or is violating or will violate any provision of this act, any rule of the commission, order of the office, or written agreement entered into with the office.
(3) The office may impose and collect an administrative fine against any person found to have violated any provision of this act, any rule of the commission, order of the office, or written agreement entered into with the office in any amount not to exceed $5,000 for each such violation. All fines collected hereunder shall be deposited in the Bureau of Financial Investigations Administrative Trust Fund.
History.—s. 4, ch. 91-87; s. 3, ch. 97-60; s. 1875, 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.