FL H0275

Increases maximum interest rates on consumer finance loans by raising the loan amount thresholds: 30% annual rate on the first $3,000 (previously $2,000), 24% on amounts exceeding $3,000 up to $4,000 (previously $2,000-$3,000), and 18% on amounts exceeding $4,000 up to $25,000 (previously $3,000-$25,000)

Increases the maximum delinquency charge from $10 to $15 per loan payment in default for a period of not less than 10 days, if agreed upon in writing between parties

Changes the bad check service charge to align with the maximum worthless check service charge permissible under section 68.065, replacing the previous standard of the greater of $20 or the actual charge made to the lender by the depository institution

Amends section 516.19 to change penalty language from "is guilty of" to "commits" a misdemeanor of the first degree for violations of consumer finance provisions

Effective July 1, 2012, and applies to all consumer finance loans entered into on or after that date