Florida Statutes 520.37 – Delinquency charges, attorney’s fees and court costs
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Terms Used In Florida Statutes 520.37
- Contract: A legal written agreement that becomes binding when signed.
A retail installment contract may provide for payment by the buyer of a delinquency charge on each installment in default for a period not less than 10 days. Such charge may not exceed 5 percent of such installment. A retail installment contract or a revolving account may provide for the payment of reasonable attorney’s fees if referred for collection to an attorney not a salaried employee of the retail seller and for the payment of court costs.