§ 687.143 — Loan brokers; investigations; cease and desist orders; administrative fines

Florida § 687.143

• Jurisdiction: Florida
• Title: XXXIX
• Ch. 687: INTEREST AND USURY; LENDING PRACTICES

Text

(1) The office may investigate the actions of any person for compliance with this act.

(2) The office may order a loan broker to cease and desist whenever the office determines that the loan broker has violated or is violating or will violate any provision of this act, any rule of the commission, order of the office, or written agreement entered into with the office.

(3) The office may impose and collect an administrative fine against any person found to have violated any provision of this act, any rule of the commission, order of the office, or written agreement entered into with the office in any amount not to exceed $5,000 for each such violation. All fines collected hereunder shall be deposited in the Bureau of Financial Investigations Administrative Trust Fund.

Legislative History

s. 4, ch. 91-87; s. 3, ch. 97-60; s. 1875, ch. 2003-261.