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Daniel Kokhba
Daniel Kokhba,
Category: Business Law
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Experience:  Partner at Kantor Davidoff
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What is the commercial usury rate in florida

Customer Question

what is the commercial usury rate in florida
Submitted: 1 year ago.
Category: Business Law
Expert:  Loren replied 1 year ago.

Good afternoon. I am Loren, a Florida licensed attorney, and I look forward to assisting you.

Expert:  Loren replied 1 year ago.

Florida has one of the most straight-forward usury laws in the country.

lorida's usury laws, set forth in F.S. Ch. 687, prescribe a maximum rate of interest of 18 percent on loans of less than $500,000. On loans that exceed $500,000, the maximum legal rate of interest is 25 percent.

Expert:  Loren replied 1 year ago.

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