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Florida Cash Advance Law and Legislation

Florida Cash Advance Law and Legislation

Based on the state legislation of Florida, payday financing is legal.

Florida imposes a $500 quantity restriction on payday advances available in their state. Payday advances can be used when it comes to duration from 7 to 31 times because of the optimum finance cost of 10% for every single $100 (plus verification charge no more than $5) and 304%* APR. One loan at time is permitted. There clearly was a cooling-off amount of 24 hours between 2 consecutive loans. Continue reading