Republic Funding Corp. v. Americable Associates, Ltd.

SCHWARTZ, Chief Judge.

The plaintiff-appellant, Republic Funding Corporation, a New York corporation, recovered a jury verdict — resulting in a $260,-000 award — in an action on an oral brokerage agreement for securing a $13,000,000 *1098loan from the Bank of Montreal to partially finance defendant-appellees’ Florida cable TV business.1 On post-trial motions, however, the lower court entered judgment for the defendants on the ground that, because Republic was not a registered Florida mortgage broker, the action was barred by the Florida Mortgage Brokers Act, section 494.04(1), Florida Statutes…