Fla. Stat. § 687.125

Current through Chapter 226 of the 2024 Legislative Session
Section 687.125 - Compounding of interest

Interest or finance charges on any loan or extension of credit secured by a mortgage which contains a provision for the compounding of interest may be compounded provided the total amount of interest received by the lender as a result of such compounding, including interest upon interest, produces an effective yield which does not exceed any interest rate limitation imposed by applicable law.

Fla. Stat. § 687.125

s. 47, ch. 82-214.