FL S0438

Increases maximum interest rate thresholds from $2,000/$3,000 to $3,000/$4,000 for descending rate tiers (30% on first $3,000, 24% on $3,000-$4,000, 18% on amounts exceeding $4,000).

Raises maximum delinquency charge per defaulted payment from $10 to $15 when payment is in default for at least 10 days.

Revises bad check service charge to equal the maximum worthless check service charge permissible under s. 68.065, replacing the previous standard of $20 or actual depository institution charges.

Updates penalty language in s. 516.19 from "is guilty of" to "commits" a first-degree misdemeanor for violations.

Effective date: July 1, 2012.