Florida statute
Fla. Stat. § 877.10 — Real property; dual contracts prohibited
Current through 2025 Florida Statutes
Part of Chapter 877: Miscellaneous Crimes, Florida Statutes.
Criminal charges under this statute
Full text of Fla. Stat. § 877.10
Statutory text current through the 2025 Florida Statutes. This publication reproduces the official statutory text; it is not the official statutes of the State of Florida.
(1) It is unlawful for any person to knowingly make, issue, deliver, or receive dual contracts for the purchase or sale of real property. Dual contracts, either written or oral, are two contracts concerning the same parcel of real property, one of which states the true and actual purchase price and one of which states a purchase price in excess of the true and actual purchase price and is used as an inducement for mortgage investors to make a loan commitment on such real property in reliance upon the stated inflated value.
(2) Any violation of this section is a misdemeanor of the second degree, punishable as provided in s. 775.082 or s. 775.083.
Official sources
Legal terms used in this section
Questions this section answers
Is real property; dual contracts prohibited a felony or a misdemeanor in Florida?
Real property; dual contracts prohibited is a Misdemeanor of the Second Degree in Florida under Fla. Stat. § 877.10.
Which Florida statute covers real property; dual contracts prohibited?
Real property; dual contracts prohibited is governed by Fla. Stat. § 877.10 (Real property; dual contracts prohibited).
This reference is informational and is not legal advice.