(1) Any borrower injured by a violation of this act may bring an action for recovery of damages. Judgment shall be entered for actual damages, but in no case less than the amount paid by the borrower to the loan broker, plus reasonable attorney’s fees and costs. An award may also be entered for punitive damages.
(2) Any borrower injured by a violation of this act may bring an action against the surety bond or trust account, if any, of the loan broker.
(3) The remedies provided under this act are in addition to any other procedures or remedies for any violation or conduct provided for in any other law.
History.—s. 8, ch. 91-87.
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.