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.
Fla. Stat. § 818.02
Executing mortgage on personalty without notifying mortgagee of prior mortgages
History.--s. 1, ch. 5708, 1907; RGS 5203; CGL 7317; s. 888, ch. 71-136.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.