Car Title Loans in Florida

How Title Loans Work in Florida

Florida regulates title loans under the Florida Title Loan Act (Florida Statutes §537). In Florida, title loans have a minimum term of 30 days. The interest rate is capped at 30% per year for the first $2,000, 24% per year for amounts between $2,000 and $3,000, and 18% per year for amounts over $3,000. Loans may be refinanced if the borrower cannot repay in full at term.

At least 30% of the outstanding principal must be repaid with each refinance. The lender must provide a clear disclosure of all terms, including your right to rescind the loan within one business day. Review all terms carefully before signing.

Title Loan Requirements in Florida

• Florida resident, at least 18 years old
• Vehicle title in your name (lien-free or with significant equity)
• Valid Florida driver's license or government-issued photo ID
• Proof of residence in Florida
• The vehicle must be insured
• Working phone number and email address

Florida Consumer Resources

For questions about Florida title loan regulations, contact the Florida Office of Financial Regulation (OFR) at (850) 487-9687 or visit flofr.gov.

Learn more: How It Works | Title Loan FAQ