Loans in Florida: payday, personal & title loan laws (2026)

Payday loans (called deferred presentment transactions) are legal in Florida from lenders licensed by the Office of Financial Regulation, under Part IV of Chapter 560, Florida Statutes. Both single-payment loans and installment payday loans are allowed.

$500 per single-payment loan (not counting fees). For an installment payday loan, neither the check amount nor the outstanding balance may exceed $1,000.

Single-payment loan: fees may not exceed 10% of the amount provided, plus a verification fee (OFR states this as $5.00). Installment loan: fees may not exceed 8% of the outstanding balance every two weeks. Prepayment penalties are banned.

Car title loans are legal in Florida from lenders licensed under the Florida Title Loan Act (Chapter 537), with interest capped at 18%-30% a year depending on loan size.

30% a year on the first $2,000 of principal, 24% a year on the part between $2,000 and $3,000, and 18% a year on the part above $3,000.

Licensed consumer finance lenders: 36% a year on the first $10,000, lower tiers above, for loans up to $25,000.

Yes. A person may not be in the business of making consumer finance loans without first getting a license from the Office of Financial Regulation (banks, credit unions and similar institutions are exempt). Unlicensed lenders making loans of $25,000 or less are limited to 18% a year.