Know Your Rights as a Borrower in Florida: Title Loan Regulations

April 08, 2025

If you want to get a loan, it's always important to do your research and learn about the laws regulating loan transactions in your area. When it comes to car title loans, laws can change drastically across different parts of the country, so you should know about all the restrictions in place before choosing a loan company.

In Florida, car title loans have only gained popularity over time, so it's natural that laws have also evolved to protect clients more effectively. Today, we'll go over the regulations that loan companies have to follow to protect the clients throughout the transaction, from the moment they get approved to the payment deadline.

What You Need To Know About Car Title Loans

Car title loans are many people's favored option because they provide a fast process and few limitations for people with bad credit. Borrowers can get approved quickly because there are no endless credit screenings and the title loan companies don't require any paperwork beyond standard documents like driver's license, social security number, utility bills, etc. All these factors already make a car title loan company far more appealing than a bank or a credit union.

With Quick Cash Auto Loans, for instance, clients can apply via phone call or online, so they already know they qualify for a loan by the time they're scheduled to visit our loan office. From there, one of our specialists inspects the client's vehicle, and all the loan terms are arranged on that same appointment.

As you can see, you only need a few days to get the money you need, and the loan specialists can guide you through different scheduling options so you don't risk falling behind on your payment.

Now, there are specific concerns that call for regulations: Many loan companies are known for tacking on extra fees to the loan amount without the client's explicit approval. In other cases, the terms aren't clear on monthly rates, so borrowers find themselves owing more money than expected. Lastly, no one wants to be tricked into giving their car away, and this is unfortunately a real risk when you get a car title loan from the wrong company.

Which Laws Regulate Car Title Loans in Florida

Like other states where it's legal to get a car title loan, Florida has specific regulations to protect borrowers from scams and/or unlawful vehicle repossession. If you're working with a local company, there are two laws you can ask about:

• Under Statute 516, lender companies are required to give borrowers a written statement of the amount borrowed and the interest rate.


• Under Statute 537, lenders must notify clients before repossessing their vehicles, allowing borrowers the time to make preparations. Borrowers are also granted a few days to pay their debt, and loan companies can't sell the vehicle before the end of this period.

There are also regulations for the maximum amount of money that companies are allowed to grant in a car title loan. While some states have a cap on how much borrowers can get, Florida title lenders operate under the consumer finance law and include additional fees such as credit insurance fees. This is one of the reasons why the statutes mentioned above are so important.

These laws guarantee that borrowers make an informed decision. They will know the exact amount of money they're expected to pay, including interest rates and additional fees. Likewise, they understand what needs to happen before they can risk vehicle repossession.

Other factors regulating the loan amount strictly relate to the company's policies and the client's circumstances. For instance, the amount will drop if the inspection reveals physical damage to your vehicle. Your chances will also suffer if you can't prove you have a stable income to pay for the loan.

Beyond all this, you can always contact your state attorney general if you doubt the transparency of the process. Many companies can use misleading language and other tactics to saddle you with a bigger debt.

Make the Right Choice and Avoid Any Issues During the Loan Process

Quick Cash Auto Loans has your best interests in mind, and we provide a safe, straightforward process to prove it. When you work with us, you can expect the best customer service and the most competitive monthly rates.

Our specialists give you all the information you need from the moment you reach out to us, and we calculate the loan amount based on the equity in your vehicle; you won't be surprised with last-minute fees because we're upfront with our terms. You can get as much as $25,000 in a car title loan, loan terms of up to 12 months, and interest rates as low as 1.50%.

In other words, Quick Cash Auto Loans ensures that you get money fast while protecting your current savings. We've perfected our loan process to give clients all the options they need, and our staff is ready to help you tailor your repayment schedule at your convenience. If you want to get started, contact us today, and you'll be surprised by how easy it is to get a car title loan in Florida. You can call (786) 600-3411 or fill out the application form, and we'll help you at every step of the way.