ContractOctober 23rd, 2008
FiledOctober 23rd, 2008Generally speaking, Florida courts are fairly restrictive when it comes to dealing with issues involving usury and lending practices. In this regard, if a loan agreement or contract that is brought before a court in Florida, and if that loan agreement calls for an interest rate that runs afoul of and counter to the statutory provisions and restrictions pertaining to interest rates, such an agreement will be struck down in most instances as illegal and unenforceable.