FL state reference
Florida lending rules
Florida has 411 Census places covered on Personalloaned, with a combined estimated population of 11,285,844. Personal-loan terms in Florida are set by licensed lenders under state law; the sourced rules below apply to every borrower in the state.
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- Usury cap 18% per annum simple interest (loans/advances of $500,000 or less; loans above $500,000 are exempt from this cap)
- Payday lending Permitted under license (deferred presentment providers; money services business license under chapter 560)
- State regulator Florida Office of Financial Regulation (OFR)
Sourced rules
Key rules for borrowers in Florida
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 18% per annum simple interest (loans/advances of $500,000 or less; loans above $500,000 are exempt from this cap) Source says: "it shall be usury and unlawful ... to ... charge ... a rate of interest greater than the equivalent of 18 percent per annum simple interest". |
Florida Legislature (The Florida Senate, Online Sunshine) as of 2026-09-16 |
| Payday lending status | Permitted under license (deferred presentment providers; money services business license under chapter 560) Source says: "Businesses intending to engage in deferred presentment transactions must be licensed as a money services business under chapter 560, Florida Statutes". |
Florida Office of Financial Regulation as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer finance loan license required (chapter 516) Source says: "A person must not engage in the business of making consumer finance loans ... unless ... the person first obtains a license from the office". |
Florida Legislature (The Florida Senate, Online Sunshine) as of 2026-09-16 |
| State lending regulator | Florida Office of Financial Regulation (OFR) Source says: "The Office of Financial Regulation is a state-government agency created by the Governor and Cabinet to provide regulatory oversight for Florida's financial services industry". |
Florida Office of Financial Regulation as of 2026-09-16 |
| Deferred presentment fee cap | 10% of the amount provided (transactions not repayable in installments) Source says: "A deferred presentment provider or its affiliate may not charge fees that exceed 10 percent of the currency or payment instrument provided". |
Florida Legislature (The Florida Senate, Online Sunshine) as of 2026-09-16 |
Cities in Florida
We cover 411 Census places in Florida. The count and the combined population figures are summed from the US Census Bureau's Vintage 2023 subcounty population estimates (retrieved 2026-09-17).
Common questions