Florida Usury Law
What is the maximum legal interest rate for consumers in Florida?
I'm paying 19% interest on a used truck loan, is this legal in Florida?
In Florida, the legal rate of interest is 12%. The general usury limit is 18%. On loans above $500,000 the maximum rate is 25%. See Florida CHAPTER 687: INTEREST AND USURY; LENDING PRACTICES to cite the law chapter and verse.
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