diff --git a/docs/topics/credits.md b/docs/topics/credits.md
index b4bd3561e..3f0ee429c 100644
--- a/docs/topics/credits.md
+++ b/docs/topics/credits.md
@@ -141,6 +141,7 @@ The following people have helped make REST framework great.
 * David Medina - [copitux]
 * Areski Belaid - [areski]
 * Ethan Freman - [mindlace]
+* David Sanders - [davesque]
 
 Many thanks to everyone who's contributed to the project.
 
@@ -318,3 +319,5 @@ You can also contact [@_tomchristie][twitter] directly on twitter.
 [copitux]: https://github.com/copitux
 [areski]: https://github.com/areski
 [mindlace]: https://github.com/mindlace
+[davesque]: https://github.com/davesque
+
diff --git a/rest_framework/fields.py b/rest_framework/fields.py
index 32e4c4ae4..35848b4ce 100644
--- a/rest_framework/fields.py
+++ b/rest_framework/fields.py
@@ -336,9 +336,13 @@ class ModelField(WritableField):
             raise ValueError("ModelField requires 'model_field' kwarg")
 
         self.min_length = kwargs.pop('min_length',
-                            getattr(self.model_field, 'min_length', None))
+                                     getattr(self.model_field, 'min_length', None))
         self.max_length = kwargs.pop('max_length',
-                            getattr(self.model_field, 'max_length', None))
+                                     getattr(self.model_field, 'max_length', None))
+        self.min_value = kwargs.pop('min_value',
+                                    getattr(self.model_field, 'min_value', None))
+        self.max_value = kwargs.pop('max_value',
+                                    getattr(self.model_field, 'max_value', None))
 
         super(ModelField, self).__init__(*args, **kwargs)
 
@@ -346,6 +350,10 @@ class ModelField(WritableField):
             self.validators.append(validators.MinLengthValidator(self.min_length))
         if self.max_length is not None:
             self.validators.append(validators.MaxLengthValidator(self.max_length))
+        if self.min_value is not None:
+            self.validators.append(validators.MinValueValidator(self.min_value))
+        if self.max_value is not None:
+            self.validators.append(validators.MaxValueValidator(self.max_value))
 
     def from_native(self, value):
         rel = getattr(self.model_field, "rel", None)
diff --git a/rest_framework/generics.py b/rest_framework/generics.py
index 80efad013..99e9782e2 100644
--- a/rest_framework/generics.py
+++ b/rest_framework/generics.py
@@ -212,7 +212,7 @@ class GenericAPIView(views.APIView):
         You may want to override this if you need to provide different
         serializations depending on the incoming request.
 
-        (Eg. admins get full serialization, others get basic serilization)
+        (Eg. admins get full serialization, others get basic serialization)
         """
         serializer_class = self.serializer_class
         if serializer_class is not None:
diff --git a/rest_framework/tests/test_fields.py b/rest_framework/tests/test_fields.py
index 69a0468e0..6836ec86f 100644
--- a/rest_framework/tests/test_fields.py
+++ b/rest_framework/tests/test_fields.py
@@ -866,3 +866,33 @@ class FieldCallableDefault(TestCase):
         into = {}
         field.field_from_native({}, {}, 'field', into)
         self.assertEqual(into, {'field': 'foo bar'})
+
+
+class CustomIntegerField(TestCase):
+    """
+        Test that custom fields apply min_value and max_value constraints
+    """
+    def test_custom_fields_can_be_validated_for_value(self):
+
+        class MoneyField(models.PositiveIntegerField):
+            pass
+
+        class EntryModel(models.Model):
+            bank = MoneyField(validators=[validators.MaxValueValidator(100)])
+
+        class EntrySerializer(serializers.ModelSerializer):
+            class Meta:
+                model = EntryModel
+
+        entry = EntryModel(bank=1)
+
+        serializer = EntrySerializer(entry, data={"bank": 11})
+        self.assertTrue(serializer.is_valid())
+
+        serializer = EntrySerializer(entry, data={"bank": -1})
+        self.assertFalse(serializer.is_valid())
+
+        serializer = EntrySerializer(entry, data={"bank": 101})
+        self.assertFalse(serializer.is_valid())
+
+