Legal Question in Credit and Debt Law in Florida

Re: loan by verbal agreement

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You can sue for the amounts owed. Because the full amount was supposed to be paid in less than one year, it did not have to be in writing. You can sue on the oral agreement.

You can also sue on the bad check and seek treble damages under Florida Statutes. You will need to send a letter with the statutory language demanding payment or else you will seek the treble damages that the law provides and send it by certified mail.

Scott R. Jay, Esq.