Can anyone tell me what is the highest interest rate they can charge in Flordia?

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2006-07-29 15:28:26 · 3 answers · asked by Sher 2 in Politics & Government ➔ Government

FLORIDA, the legal rate of interest is 12%; the general usury limit
is 18%. On loans above $ 500,000 the maximum rate is 25%.

2006-07-29 15:32:35 · answer #1 · answered by Bill 6 · 0⤊ 0⤋

I will refer you to the following web site for your answer. Scroll down to the Florida heading.

http://www.lectlaw.com/files/ban02.htm

2006-07-29 22:32:28 · answer #2 · answered by nothing 6 · 0⤊ 0⤋

There is no limit. Look at pay day loans.

2006-07-29 23:06:30 · answer #3 · answered by Steve R 3 · 0⤊ 0⤋