Fla. Stat. 494.0019
Liability in case of unlawful transaction

(1)

If a mortgage loan transaction is made in violation of any provision of this chapter, the person making the transaction and every licensee, director, or officer who participated in making the transaction are jointly and severally liable to every party to the transaction in an action for damages incurred by the party or parties.

(2)

A person is not liable under this section upon a showing that such person’s licensees, officers, and directors who participated in making the mortgage loan transaction, if any, acted in good faith and without knowledge and, with the exercise of due diligence, could not have known of the act committed in violation of this chapter.

Source: Section 494.0019 — Liability in case of unlawful transaction, https://www.­flsenate.­gov/Laws/Statutes/2024/0494.­0019 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 494.0019. Liab. in case of unlawful transaction's source at flsenate​.gov