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✓ Legal & RegulatedReviewed: 2025-08

FloridaLoan Laws & Regulations

Official regulatory reference for borrowers and lenders in Florida. Includes permitted loan types, APR caps, lender licensing requirements, borrower rights, and government source links.

Max Loan
$500
Typical APR
304% APR
Max Term
31 days
Legal Status
Legal & Regulated
Payday LoansPersonal LoansCash AdvanceInstallment LoansBad Credit LoansSame-Day LoansNo Credit Check Loans

Florida Lending Regulator

Primary Regulator
Florida Office of Financial Regulation
https://flofr.gov/

The Florida Office of Financial Regulation oversees consumer lending in Florida, including licensing, enforcement, and consumer complaint resolution. Before borrowing from any lender, verify their license using the official regulator lookup tool linked above.

Loan Types Permitted in Florida

  • Payday loans
  • Deferred presentment transactions
  • Personal loans

APR & Fee Rules

APR Cap
304% APR (based on statutory fee cap)
Fee Rule
10% of the check face value, plus a verification fee of $5 maximum
Loan Term
7 days minimum, 31 days maximum
Max Loan Amount
$500 (excluding fees)
Rollover / Renewal Rules
Rollovers are prohibited. After repayment, a 24-hour cooling off period is required before a new loan. Statewide database tracks outstanding loans to prevent multiple simultaneous loans.
Representative Example
A $500 loan for 14 days in FL typically costs $50 in fees. Representative APR: 304.17%.

Lender Licensing Requirements

Lenders must hold a Florida Deferred Presentment license from the Florida Office of Financial Regulation (OFR).

How to verify a lender is licensed:

Visit the Florida Office of Financial Regulation's license lookup tool at https://flofr.gov/ and search by company name or NMLS ID. Never borrow from an unlicensed lender.

Required Lender Disclosures

Under Florida law, any licensed lender must provide the following disclosures before you sign:

  • →Written loan agreement disclosing total fee and APR
  • →Borrower rights notice in English and Spanish
  • →Notice that the loan cannot be rolled over
  • →Information about the Florida Financial Education Endowment

Your Borrower Rights in Florida

  • Right to repay in an installment plan at no additional cost after the 5th consecutive loan
  • One business day to rescind the loan at no cost
  • Protection from simultaneous multiple loans via the state database
  • Complaint filing with the Florida OFR at (850) 487-9687

Payday Loan Alternatives in Florida

  • ✓Florida Credit Union PAL (Payday Alternative Loan) products
  • ✓Florida Hardest Hit Fund for mortgage/housing assistance
  • ✓Non-profit credit counseling via NFCC-member agencies in Florida

PrimeLendings connects you with licensed lenders offering personal loans in Florida — typically with lower APRs than payday products. View personal loan options in Florida →

Florida Lending FAQ

Are payday loans legal in Florida?▼
Yes. Payday loans are legal and regulated in Florida under the oversight of the Florida Office of Financial Regulation. Current APR range: 304% APR. Maximum loan: $500.
What is the maximum payday loan I can get in Florida?▼
The maximum short-term loan amount in Florida is $500. A $500 loan for 14 days in FL typically costs $50 in fees. Representative APR: 304.17%.
Who regulates payday lenders in Florida?▼
The Florida Office of Financial Regulation is the primary state regulator. You can verify any lender's license at https://flofr.gov/. Unlicensed lenders operating in Florida are illegal — always verify before borrowing.
What are the alternatives to payday loans in Florida?▼
Florida Credit Union PAL (Payday Alternative Loan) products; Florida Hardest Hit Fund for mortgage/housing assistance; Non-profit credit counseling via NFCC-member agencies in Florida

Official Government Sources

Source data verified from official government and regulatory publications. Last reviewed: 2025-08. Laws change — verify current requirements directly with the Florida Office of Financial Regulation before relying on this information.