Florida Consumer Finance Collection Check

Live. Collecting a Florida loan of $25,000 or less? 516.031 caps 36/30/24% by tier; unlicensed lender over 18% = unenforceable (516.02(2)).

Collecting a Florida installment or personal loan of $25,000 or less? Checks each loan and contact against the Florida Consumer Finance Act: a licensee may charge at most 36% on the first $10,000, 30% on $10,000 to $20,000 and 24% on $20,000 to $25,000, with delinquency charges capped at $15 monthly or $7.50 semimonthly or biweekly (516.031); a lender without a license charging over 18% makes the loan unenforceable in Florida (516.02(2)). Banks and credit unions are flagged out of scope. Flags collecting an unenforceable loan or excess charges (FDCPA 1692e(2)(A), 1692f(1)) and arrest threats. Not legal advice.

Price: $0.001 per call after 1,000 free per month.

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