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Florida Attorney General Reports

Decided May 1, 2000Published

1Opinion of the Court

The Honorable Robert F. Milligan Comptroller of Florida The Capitol Tallahassee, Florida 32399-0350

Dear Comptroller Milligan:

You ask substantially the following question:

Are so-called "payday loans" or like transactions subject to the state laws prohibiting usurious rates of interest?

In sum:

"Payday loans" or like transactions are subject to the state laws prohibiting usurious rates of interest. A company registered under Chapter 560, Florida Statutes, may cash personal checks for the fees prescribed in that chapter without violating the usury laws only if such transactions are concluded and…

2Cases cited11 opinions

  1. Alsop v. PierceSupreme Court of Florida · 1944
  2. Dixon v. SharpSupreme Court of Florida · 1973
  3. Bermil Corp. v. SawyerDistrict Court of Appeal of Florida · 1977
  4. Party Yards, Inc. v. TempletonDistrict Court of Appeal of Florida · 2000
  5. Jersey Palm-Gross, Inc. v. PaperSupreme Court of Florida · 1995

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