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Consumers who take out a payday loan from a licensed lender are entitled to the following protections under Florida law: A borrower may borrow up to $500 per loan. This is tracked through a statewide database of all loans taken out. The maximum fee is 10 percent of the amount borrowed plus a $5.00 verification fee. 69B-221 : BAIL, BONDS, AND BAIL BOND AGENTS - Florida advance til payday northgate blvd Office of the Controller - Florida Agricultural and Mechanical

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Jul 1, 1984 ties.38 Florida has since codified the contingency rule excepting cer- tain contingent obligations from the interest limits set by the usury statutes. The statute commonly known as the "equity kicker" statute, provides: If a loan, advance of money, line of credit, forbearance, or other obligation exceeds 

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