Florida Payday Loan Laws and Regulations in (FL)

(last updated 11/13/2019)
Payday loans and cash advances are legal in Florida. The Florida Office of Financial Resolution has been regulating Payday Loans and Cash Advances since 2001. As of 9/11/2014 there were an unspecified number of licensed lenders and 1100 licensed locations in Florida.
The maximum payday loan allowed in Florida is $500. The maximum payday loan as a percentage of income is not specified. The number of loans that can be open at one time is 1. The maximum permissible fees allowed in Florida is $5.00 verification fee and 10% of the amount borrowed. The cooling off or waiting period for obtaining another loan is 1 business days. The number of rollovers that are permitted is 0 (cannot rollover). The minimum loan term is 7 days. The maximum loan term is 31 days.
This information is for informational purposes only. Although care has been taken to accurately describe the laws and regulations in Florida, no guarantees are implied or expressed about its accuracy. This is not legal advice. If you need legal advice, please consult an attorney or the Florida Office of Financial Resolution.
The following classes of lending organizations may be exempt from some, all, or none of the regulations and laws set by the state of California. Federally chartered banks, state chartered banks, credit unions and some entities organized under the laws of a sovereign nations (for example) a Native American Tribe or the country of Antigua.

Florida Payday Lending Regulator (FL)

Regulating Authority
Florida Office of Financial Resolution
Division of Securities and Finance
101 East Gaines Street
Tallahassee, FL 32399
(850) 410-9805

Agency for Handling Complaints
Florida Office of Financial Resolution
Division of Securities and Finance
200 East Gaines Street
Tallahassee , FL 32399
(850) 410-9805


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Florida Payday Lenders (FL) by City

Boca Raton
Boynton Beach
Cape Coral
Clearwater, FL
Coral Springs
Davie, FL
Daytona Beach
Deerfield Beach, FL
Delray Beach
Fort Lauderdale, FL
Fort Myers
Gainesville, FL
Hialeah, FL
Jacksonville, FL
Kendale Lakes
Miami, FL
Miami Beach
North Miami
North Port
Orlando, FL
Palm Bay
Palm Coast
Pembroke Pines
Pompano Beach
Port Orange
Port St Lucie
St Petersburg
Tampa, FL
West Palm Beach

Florida Debt Relief, Financial Counseling, and Consumer Credit Information

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