Promissory Note

Fla. Stat. § 687.01

Create a legally binding promise to repay a loan with Florida usury law compliance.

A Promissory Note is a written promise to repay a specific amount with or without interest.

Florida usury limits (§ 687.02): The maximum interest rate for most consumer loans is 18% per year. Rates over 25% per year may constitute criminal usury (§ 687.071). For loans over $500,000, parties may contract for any rate.

Not legal advice. This wizard helps you fill out court forms. For legal advice, contact a licensed Florida attorney or visit the Florida Bar Lawyer Referral Service.

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