Florida § 687.09 - Persons accepting chattel mortgage as security for loans under $100 to cause amount as principal, interest, and fees to be inserted.
Full text of Florida Florida Statutes § 687.09 — Persons accepting chattel mortgage as security for loans under $100 to cause amount as principal, interest, and fees to be inserted., with citation guidance and answers to common questions.
§ 687.09. Persons accepting chattel mortgage as security for loans under $100 to cause amount as principal, interest, and fees to be inserted.
Every mortgagee accepting a mortgage on personal property as security for the repayment of a loan of money less than $100 shall cause to be stated in such mortgage, separately and distinctly, the several amounts secured as principal, interest and fees, and any mortgagee willfully violating the provisions of this section shall forfeit all interest and fees secured by such mortgage, and be entitled to recover only the principal sum.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 687.09
What does Florida Statutes § 687.09 cover?
Section 687.09 ("Persons accepting chattel mortgage as security for loans under $100 to cause amount as principal, interest, and fees to be inserted.") 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 § 687.09?
A common citation format is "Florida Statutes § 687.09" (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 § 687.09 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.