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Florida Statute 702.11 - Full Text and Legal Analysis
Florida Statute 702.11 | Lawyer Caselaw & Research
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The 2025 Florida Statutes

Title XL
REAL AND PERSONAL PROPERTY
Chapter 702
FORECLOSURE OF MORTGAGES AND STATUTORY LIENS
View Entire Chapter
702.11 Adequate protections for lost, destroyed, or stolen notes in mortgage foreclosure.
(1) In connection with a mortgage foreclosure, the following constitute reasonable means of providing adequate protection under s. 673.3091, if so found by the court:
(a) A written indemnification agreement by a person reasonably believed sufficiently solvent to honor such an obligation;
(b) A surety bond;
(c) A letter of credit issued by a financial institution;
(d) A deposit of cash collateral with the clerk of the court; or
(e) Such other security as the court may deem appropriate under the circumstances.

Any security given shall be on terms and in amounts set by the court, for a time period through the running of the statute of limitations for enforcement of the underlying note, and conditioned to indemnify and hold harmless the maker of the note against any loss or damage, including principal, interest, and attorney fees and costs, that might occur by reason of a claim by another person to enforce the note.

(2) Any person who wrongly claims to be the holder of or pursuant to s. 673.3011 to be entitled to enforce a lost, stolen, or destroyed note and causes the mortgage secured thereby to be foreclosed is liable to the actual holder of the note, without limitation to any adequate protections given, for actual damages suffered together with attorney fees and costs of the actual holder of the note in enforcing rights under this subsection. In addition, the actual holder of the note may pursue recovery directly against any adequate protections given.
(a) The actual holder of the note is not required to pursue recovery against the maker of the note or any guarantor thereof as a condition precedent to pursuing remedies under this section.
(b) This section does not limit or restrict the ability of the actual holder of the note to pursue any other claims or remedies it may have against the maker, the person who wrongly claimed to be the holder, or any person who facilitated or participated in the claim to the note or enforcement thereof.
History.s. 7, ch. 2013-137.

F.S. 702.11 on Google Scholar

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Amendments to 702.11


Annotations, Discussions, Cases:

Cases Citing Statute 702.11

Total Results: 9  |  Sort by: Relevance  |  Newest First

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Sierra Club v. Martin, 110 F.3d 1551 (11th Cir. 1997).

Cited 23 times | Published | Court of Appeals for the Eleventh Circuit | 27 Envtl. L. Rep. (Envtl. Law Inst.) 21057, 44 ERC (BNA) 1955, 1997 U.S. App. LEXIS 8872

Service's formal actions under the APA, 5 U.S.C. § 702.11 As a procedural statute, the APA does not expand
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In Re Rodall, 165 B.R. 506 (Bankr. M.D. Fla. 1994).

Cited 7 times | Published | United States Bankruptcy Court, M.D. Florida | 8 Fla. L. Weekly Fed. B 7, 30 Collier Bankr. Cas. 2d 1322, 1994 Bankr. LEXIS 478, 1994 WL 107873

expeditiously as possible. 11 U.S.C. § 701; 11 U.S.C. § 702; 11 U.S.C. § 704. To facilitate liquidation, the code
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Sierra Club v. Martin, 110 F.3d 1551 (11th Cir. 1997).

Cited 5 times | Published | Court of Appeals for the Eleventh Circuit | 1997 WL 177325

...As a result, the expired MBTA-based preliminary injunction does not represent a moot controversy. B. The Migratory Bird Treaty Act Sierra Club claims a right to judicial review of the Forest Service's formal actions under the APA, 5 U.S.C. § 702.11 As a 11 5 U.S.C....
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U.S. Bank, Nat'l Ass'n v. Angeloni, 199 So. 3d 492 (Fla. 4th DCA 2016).

Cited 2 times | Published | Florida 4th District Court of Appeal | 2016 Fla. App. LEXIS 13211, 2016 WL 4540805

...The bank’s witness testified that the note was not lost due to a transfer by LaSalle or a lawful seizure and that the bank was willing to indemnify anyone if a third-party were to attempt to enforce the note. We do not consider the application, if any, of section 702.11, Florida Statutes (2014), because the homeowners failed to raise this argument as part of their motion for involuntary dismissal, so it was waived....
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Delia v. GMAC Mortg. Corp., 161 So. 3d 554 (Fla. 5th DCA 2014).

Cited 1 times | Published | Florida 5th District Court of Appeal | 2014 Fla. App. LEXIS 16944, 2014 WL 5284995

...nds that the person required to pay the instrument is adequately protected against loss that might occur by reason of a claim by another person to enforce the instrument. Adequate protection may be provided by any reasonable means. (Emphasis added). Section 702.11(1), Florida Statutes (2013), explains the concept of adequate protection: 702.11....
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Blitch v. Freedom Mortg. Corp., 185 So. 3d 645 (Fla. 2d DCA 2016).

Cited 1 times | Published | Florida 2nd District Court of Appeal | 2016 Fla. App. LEXIS 1569, 2016 WL 455737

...5th DCA 2014). Generally this post-proof condition is satisfied through a written indemnification agreement in the final judgment, the posting of a surety bond, a letter of credit, a deposit of cash collateral with the court, or "[s]uch other security as the court may deem appropriate under the circumstances." § 702.11(1)(e), Fla....
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U.S. Bank Nat'l Ass'n v. Zacarie Benoit, Mortg. Elec. Reg. Sys. Inc., as Nominee For First Interstate Fin. Corp., & Thacker Ltd. P'ship, 190 So. 3d 235 (Fla. 4th DCA 2016).

Published | Florida 4th District Court of Appeal | 2016 WL 2342891, 2016 Fla. App. LEXIS 6848

...ote. See § 673.3091, Fla. Stat. (2004). The danger that the original note might be negotiated to a bona fide purchaser for value is abrogated by the requirement that the one seeking to enforce a lost note must indemnify the defendant. Id.; see also § 702.11, Fla....
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Thomas Debish & Michelle Debish v. Wells Fargo Bank, N.A., 240 So. 3d 16 (Fla. 4th DCA 2018).

Published | Florida 4th District Court of Appeal

...written indemnification agreement in the final judgment, the posting of a surety bond, a letter of credit, a deposit of cash collateral with the court, or ‘[s]uch other security as the court may deem appropriate under the circumstances.’” Id. (quoting § 702.11(1)(e), Fla....
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In Re Amendments to the Florida Rules of Civil Procedure, 190 So. 3d 999 (Fla. 2016).

Published | Supreme Court of Florida | 41 Fla. L. Weekly Supp. 1, 2016 Fla. LEXIS 68, 2016 WL 164134

...secured by a promissory note on residential real property. Because this provides further clarity in the rule, we adopt this amendment. The Committee also agrees with comments suggesting that subdivision (d) of the rule be amended to add a reference to section 702.11, Florida Statutes, for -3- completeness and clarity of “the adequate protections which must be provided before entry of judgment.” Subdivision (d) of the rule addresses lost, destroyed, or stolen instruments. In such cases the claimant is required to provide “adequate protection” against “loss that might occur by reason of a claim by another person to enforce the instrument.” § 673.3091(2), Fla. Stat. (2015). Section 702.11, Florida Statutes, also addresses adequate protection for lost, destroyed, or stolen notes in mortgage foreclosure and lists the acceptable reasonable means of providing adequate protection, “if so found by the court.” § 702.11(1), Fla. Stat. (2015). Accordingly, because both sections 673.3091(2) and 702.11(1) are important provisions regarding adequate protections, we adopt the amendment to subdivision (d) as proposed by the Committee. Form 1.944(a) (Mortgage Foreclosure)....
...of the note and the allonges to the note, audit reports showing receipt of the original note, or other evidence of the acquisition, ownership, and possession of the note as may be available to the claimant. Adequate protection as required and identified under sections 673.3091(2) and 702.11(1), Florida Statutes, shall be provided before the entry of final judgment. (e) [No change] -8- FORM 1.944(a)....
........(identify statutory and/or contractual bases, as applicable)...... WHEREFORE, Plaintiff demands judgment re-establishing the promissory note, determining the amount and nature of adequate protection to be required by sections 673.3091(2) and 702.11, Florida Statutes, foreclosing the mortgage, for costs (and, where applicable, for attorneys’ fees), and if the proceeds of the sale are insufficient to pay plaintiff’s claim, a deficiency judgment. NOTE: An action for foreclosure of a mo...
...This form may require modification. This form is designed to incorporate the pleading requirements of section 702.015, Florida Statutes (2013), and rule 1.115. It is also designed to comply with section 673.3091, Florida Statutes (2013). Adequate protection as required by sections 702.11 (2013) and 673.3091(2), Florida Statutes (2013), must be provided before the entry of final judgment. - 16 - FORM 1.944(c)....