Florida Statutes 687.147 – Actions for damages
Current as of: 2024 | Check for updates
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Terms Used In Florida Statutes 687.147
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
(1) Any borrower injured by a violation of this act may bring an action for recovery of damages. Judgment shall be entered for actual damages, but in no case less than the amount paid by the borrower to the loan broker, plus reasonable attorney’s fees and costs. An award may also be entered for punitive damages.
(2) Any borrower injured by a violation of this act may bring an action against the surety bond or trust account, if any, of the loan broker.
(3) The remedies provided under this act are in addition to any other procedures or remedies for any violation or conduct provided for in any other law.