| 1 | A bill to be entitled |
| 2 | An act relating to criminal usury; amending s. 687.071, |
| 3 | F.S.; deleting the terms "shylock" and "shylocking"; |
| 4 | amending s. 772.102, F.S.; conforming provisions; |
| 5 | providing an effective date. |
| 6 |
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| 7 | Be It Enacted by the Legislature of the State of Florida: |
| 8 |
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| 9 | Section 1. Paragraphs (f) and (g) of subsection (1) of |
| 10 | section 687.071, Florida Statutes, are amended to read: |
| 11 | 687.071 Criminal usury, loan sharking; shylocking.-- |
| 12 | (1) DEFINITIONS.--The following words and phrases, as used |
| 13 | in this section, shall have the following meanings: |
| 14 | (f) "Loan shark" or "shylock" means any person as defined |
| 15 | herein who lends money unlawfully under subsection (2), |
| 16 | subsection (3), or subsection (4). |
| 17 | (g) "Loan sharking" or "shylocking" means the act of any |
| 18 | person as defined herein lending money unlawfully under |
| 19 | subsection (2), subsection (3), or subsection (4). |
| 20 | Section 2. Paragraph (a) of subsection (2) of section |
| 21 | 772.102, Florida Statutes, is amended to read: |
| 22 | 772.102 Definitions.--As used in this chapter, the term: |
| 23 | (2) "Unlawful debt" means any money or other thing of |
| 24 | value constituting principal or interest of a debt that is |
| 25 | legally unenforceable in this state in whole or in part because |
| 26 | the debt was incurred or contracted: |
| 27 | (a) In violation of any one of the following provisions of |
| 28 | law: |
| 29 | 1. Section 550.235, s. 550.3551, or s. 550.3605, relating |
| 30 | to dogracing and horseracing. |
| 31 | 2. Chapter 550, relating to jai alai frontons. |
| 32 | 3. Section 687.071, entitled relating to "Criminal usury", |
| 33 | loan sharking, and shylocking. |
| 34 | 4. Section 849.09, s. 849.14, s. 849.15, s. 849.23, or s. |
| 35 | 849.25, relating to gambling. |
| 36 | Section 3. This act shall take effect October 1, 2009. |