Car Title Loans in Florida2026 Guide
Florida title loans are regulated to ensure transparency and cap rates for smaller loans.
Legal Status & Regulations
Governing Law
FS §537
Last Reviewed: April 2026
Law Summary
The Florida Title Loan Act (FS §537) regulates these transactions. Interest rates are capped at 30% per year for the first $2,000, 24% for the next $1,000, and 18% for any amount over $3,000. Loans are 30-day terms, and lenders must provide a "Title Loan Agreement" with specific statutory disclosures and a 30-day grace period before repossession. Florida law is particularly strict about the repossession process; lenders must notify the borrower of the intent to repossess and provide a final opportunity to pay the debt. Additionally, any surplus from the sale of a repossessed vehicle must be returned to the borrower after the loan balance and reasonable repossession costs are covered.
Real Rate Example in Florida
A $1,500 loan in Florida at a typical market rate of 30% for first $2,000 APR over 30 days would result in approximately $150 in interest and fees. Always compare multiple offers to find the most competitive rate.
What Documents You Need
- A clear vehicle title in your name
- A valid government-issued ID (Driver's License)
- Proof of residency (Utility bill, etc.)
- Proof of income or ability to repay
- The vehicle itself for a quick inspection
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Max Loan Amount
$25,000
Max APR / Rate
30% for first $2,000
Loan Term Range
30 days
Governing Body
Office of Financial Regulation