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What is the commercial usury rate in florida

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what is the commercial usury rate in florida
Submitted: 2 years ago.Category: Business Law
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2/16/2016
Business Lawyer: Loren, Attorney replied 2 years ago
Loren
Loren, Attorney
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Good afternoon. I am Loren, a Florida licensed attorney, and I look forward to assisting you.

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Business Lawyer: Loren, Attorney replied 2 years 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.

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Business Lawyer: Loren, Attorney replied 2 years ago

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