Florida Statutes § 687.125 — Compounding of interest. — United States — Florida law | Esheria

Florida Statutes § 687.125 — Compounding of interest.

A lender may compound interest or finance charges on a mortgage-backed loan if the mortgage allows compounding and the resulting effective yield stays within applicable legal interest-rate limits.

Jurisdiction
United States — Florida
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
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finance charges loan interest mortgage lending

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