Florida Promissory Notes
Create a legally compliant Florida promissory note that complies with state usury limits and includes all required provisions. Choose the note type that fits your lending situation, fill out the guided form, and download your professional PDF for $7.99.
Secured Promissory Note
For loans backed by collateral such as a vehicle, property, or equipment. The lender can seize the collateral if the borrower defaults.
Complies with Florida usury limits (max 18%). Includes collateral description and default remedies.
Create Secured Promissory NoteUnsecured Promissory Note
For loans based solely on the borrower's promise to pay, with no collateral pledged. Common for personal and family loans.
Florida statute of limitations: 5 years. Max interest rate: 18%.
Create Unsecured Promissory NoteInstallment Promissory Note
For loans repaid in fixed periodic payments over a set term. Includes a detailed payment schedule with amounts and due dates.
Includes amortization-ready payment terms compliant with Florida usury law (18% max rate).
Create Installment Promissory NoteDemand Promissory Note
Payable in full when the lender demands repayment. No fixed schedule or maturity date. Common for informal arrangements.
Payable on demand under Florida law. Includes usury savings clause and default provisions.
Create Demand Promissory NoteFlorida Usury Law and Note Requirements
Florida usury law is governed by Florida Circuit Courts. The maximum allowable interest rate is 18% (18% for loans under $500,000; 25% for larger). Penalties for exceeding the usury limit include: Criminal felony if over 25%; double interest civil penalty. The statute of limitations for enforcing a promissory note in Florida is 5 years. Notarization is not required but recommended. Our documents are designed to comply with Florida law and include all required provisions.
Frequently Asked Questions
What is the maximum interest rate for a promissory note in Florida?
Florida caps the maximum interest rate at 18% (18% for loans under $500,000; 25% for larger). Exceeding this limit may result in penalties: Criminal felony if over 25%; double interest civil penalty. If no rate is specified, the default legal rate is 12%. Our documents include a usury savings clause for additional protection.
Does a promissory note need to be notarized in Florida?
Notarization is not legally required in Florida, but it is strongly recommended. A notarized note is easier to enforce in court and helps verify the identities of all parties. While not required, having 2 witnesses is recommended.
How much does a Florida promissory note cost?
Each promissory note costs $7.99. Choose your note type, fill in your details through our guided form, and download your completed, Florida-compliant PDF instantly. Re-download available for 5 days.
What is Florida's maximum interest rate for a private promissory note?
Florida Statute §687.02 sets the usury limit at 18% per year for loans under $500,000 and 25% per year for loans of $500,000 or more. Charging above the 18% limit is civil usury (forfeiture of excess interest). Charging above 25% is criminal usury - a third-degree felony. Florida's 5-year statute of limitations applies to written promissory notes. Seller-financed mortgages and certain business loans have different rate rules.
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