{"data":{"id":"us-fl/fla.-stat.-516.035","jurisdiction":"us-fl","citation":"Fla. Stat. § 516.035","heading":"Rate of interest upon default.","body":"In the event that any balance remains unpaid at the expiration of the scheduled maturity date of a loan, licensees may continue to charge interest on the unpaid balance at the rate provided for in s. 516.031(1) for a period not to exceed 12 months. Thereafter, the interest shall not exceed the permissible rate of interest provided by chapter 687. When advances are made pursuant to a line of credit, a licensee may charge interest on the unpaid balance at the rate provided for in s. 516.031(1) for the period a balance remains unpaid.\nHistory.—s. 1, ch. 79-59; s. 2, ch. 81-318; s. 5, ch. 85-32; s. 3, ch. 86-100; ss. 5, 16, 17, ch. 88-342; s. 4, ch. 91-429.","path":["CHAPTER 516 CONSUMER FINANCE"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0500-0599/0516/0516.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:08:07Z","sha256":"1d96ee7739efce56d815fea1da1924f51f5286999a829da6128a47ed59b2964a","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-516.031","next":"us-fl/fla.-stat.-516.037"},"notice":"GroundRules: Original legal text. Not legal advice."}