Florida § 516.16 Confession of judgment; power of attorney; contents of notes and security

Florida Statutes

§ 516.16 — Confession of judgment; power of attorney; contents of notes and security

Florida § 516.16

TitleXXXIII

Ch. 516CONSUMER FINANCE

This text of Florida § 516.16 (Confession of judgment; power of attorney; contents of notes and security) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 516.16 (2026).

Text

No licensee shall take any confession of judgment or any power of attorney. Nor shall a licensee take any note, promise to pay, or security that does not state the actual amount of the loan, the time for which it is made, and the rate of interest charged, nor any instrument in which blanks are left to be filled after execution. However, with respect to a line of credit, the note, promise to pay, or security need not state the time for which it is made.

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No licensee shall take any confession of judgment or any power of attorney. Nor shall a licensee take any note, promise to pay, or security that does not state the actual amount of the loan, the time for which it is made, and the rate of interest charged, nor any instrument in which blanks are left to be filled after execution. However, with respect to a line of credit, the note, promise to pay, or security need not state the time for which it is made.