Florida § 494.0019 - Liability in case of unlawful transaction.
Full text of Florida Florida Statutes § 494.0019 — Liability in case of unlawful transaction., with citation guidance and answers to common questions.
§ 494.0019. Liability in case of unlawful transaction.
(1) If a mortgage loan transaction is made in violation of any provision of this chapter, the person making the transaction and every licensee, director, or officer who participated in making the transaction are jointly and severally liable to every party to the transaction in an action for damages incurred by the party or parties. (2) A person is not liable under this section upon a showing that such person’s licensees, officers, and directors who participated in making the mortgage loan transaction, if any, acted in good faith and without knowledge and, with the exercise of due diligence, could not have known of the act committed in violation of this chapter.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 494.0019
What does Florida Statutes § 494.0019 cover?
Section 494.0019 ("Liability in case of unlawful transaction.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 494.0019?
A common citation format is "Florida Statutes § 494.0019" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 494.0019 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.