818.02 Executing mortgage on personalty without notifying mortgagee of prior mortgages.
70 words·~1 min read·
/fl/title-xlvi/chapter-818/818-02·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Whoever executes a second or subsequent mortgage of personal property and receives money or thing of value therein without first notifying the second or subsequent mortgagee of the existence of the prior mortgage or mortgages, whether the same be recorded or not, and of the amount of such prior indebtedness, shall be guilty of a misdemeanor of the second degree, punishable as provided in s. 775.082 or s. 775.083 .