Division of Administrative Hearings, Florida
Filed: Aug. 30, 2007
The issue for determination is whether Respondents engaged in loan transactions with Florida consumers in which the combined rate of interest for each of the loans exceeded 18 percent in violation of Subsection 516.02(2)(a), Florida Statutes (2007).1Two lenders that charge aggregate interest in excess of 18 percent on one loan must cease and desist.
