Fla. Stat. 516.16
Confession of judgment; power of attorney; contents of notes and security

No licensee shall take any confession of judgment or any power of attorney. Nor shall a licensee take any note, promise to pay, or security that does not state the actual amount of the loan, the time for which it is made, and the rate of interest charged, nor any instrument in which blanks are left to be filled after execution. However, with respect to a line of credit, the note, promise to pay, or security need not state the time for which it is made.

Source: Section 516.16 — Confession of judgment; power of attorney; contents of notes and security, https://www.­flsenate.­gov/Laws/Statutes/2024/0516.­16 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 516.16. Confession of judgment; power of attorney; contents of notes & security's source at flsenate​.gov