Chapter 4-10 Standing to Foreclose a Line of Credit
| Jurisdiction | Florida |
4-10 Standing to Foreclose a Line of Credit
A line of credit which is not a fixed sum is not a negotiable instrument.89 Standing to foreclose a line of credit can be established through assignment of the line of credit90 or proof of ownership.91
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Notes:
[89] Chuchian v. Situs Invs., LLC, 219 So. 3d 992 (Fla. 5th DCA 2017); Third Fed. Sav. & Loan Ass'n v. Koulouvaris, 2018 Fla. App. LEXIS 6941 (Fla. 2d DCA 2018).
[90] Chuchian v. Situs Invs., LLC, 219 So. 3d 992 (Fla. 5th DCA 2017) (citing Mason v....
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