A guide to Payday Loans in Florida, USA. 

What are the Citation (s) to Payday Loan or Small Loan Laws in Florida?

A: The relevant citation regarding Payday Loans in the Florida State Jurisdiction is Fl. Stat. Ann. § 560.401 et seq.; Rule 69V-560.901-912

Q: Are Payday Loans legal in Florida? 
A: Yes Payday Loans are legal in Florida 

Q: What is the Maximum Cash Advance Loan Amount in Florida?
A: The maximum Cash Advance or Payday Loan amount is $500. 

Q: What is the Payday Loan Term in Florida?
A: The Payday Loan Term in Florida is 7-31 days. 

Q: What is the Maximum Rate and Fee for Cash Advance Loans in Florida?
A: The Maximum fee for Cash Advance Loans in Florida is 10% + verification fee

Q: What is the Finance charge for 14-day $100 payday loan in Florida State?
A: The Finance charge for 14-day $100 payday loan in Florida is $15. 

Q: What is the APR for 14-day $100 payday loan in Florida State?
A: The APR charged for 14-day $100 payday loan in Florida is 390 percent. 



Q: Is there a limit on the number of payday loans I can take at one time? 
A: Yes, you can only take one payday loan at one time. 

Q: How many times can the lender rollover my payday loan in Florida? 
A: The lender cannot rollover (renew, extend or consolidate) the payday loan. 

Q: Is there a cooling off period in Florida?
A: Yes, there is a one-day cooling off period. 

Q: Is the borrower entitled to a repayment plan?
A: Yes, the borrower is entitled to a repayment plan. 

Q: If I cannot repay my payday loan can the lender initiate a criminal action? 
A: No, the lender cannot initiate a criminal action against the borrower 

Q: Can I be charged a collection fee for a payday loan?
A: Yes, All charges imposed on the lender by any financial institution; lender not entitled to treble damages

Contact the Department Of Financial Institutions

If you have questions about payday loans please contact the Florida Department of Financial Institutions at:

Florida Office of Financial Regulation
Address: Division of Securities and Finance, 200 E. Gaines Street Tallahassee, FL 32399
Phone: (850) 410-9805
Fax: (850) 410-9748
Regulatory Contact:

Website: http://www.flofr.com/

Where can I find a payday loan store in Florida? 

You can find the store nearest to your location by simply clicking on this link  loc: Florida