Florida Promissory Note
Generate a promissory note tailored to Florida law. Our AI incorporates FL-specific statutory requirements, disclosure obligations, and legal standards into every document.
One-time · instant download
- Florida statutory requirements
- AI-powered Q&A generation
- Instant PDF & DOCX
- Attorney-reviewed framework
- 30-day re-download access
Florida Legal Requirements
Key FL statutes and obligations that apply to your promissory note.
Requirements
- Florida usury: 18% per year (consumer) or 25% (criminal usury) under Florida Statute § 687.03
- Commercial loans between businesses: up to 25% generally allowed
- Statute of limitations: 5 years for written instruments (§ 95.11(2)(b))
- No formal filing requirement for unsecured notes
- Real estate secured notes: mortgage must be recorded with county clerk
Restrictions & Limits
- Interest above 18% (consumer) or 25% (commercial) is usurious
- Criminal usury (over 45% per year) is a 3rd degree felony in Florida
- Payday-style loans subject to Florida Office of Financial Regulation
Official Statute References
Primary Florida statutes governing this document type.
Florida Promissory Note FAQ
Common questions about promissory notes under Florida law.
What is Florida's usury limit for promissory notes?
Florida Statute § 687.03 sets civil usury at 18% per year for consumer loans and 25% per year for commercial transactions. Criminal usury (over 45%) is a felony. Licensed financial institutions are generally exempt from these limits.
How long do I have to collect on a Florida promissory note?
Florida Statute § 95.11(2)(b) provides a 5-year statute of limitations on written instruments, including promissory notes. The clock starts from the date the note becomes due or the date of default.
Can a Florida promissory note be used to finance real estate?
Yes, but the mortgage or deed of trust securing the note must be notarized and recorded with the county clerk where the property is located to perfect the security interest. Documentary stamp tax applies to the note amount.
What is Florida's documentary stamp tax on promissory notes?
Florida charges documentary stamp tax (doc stamp) of $0.35 per $100 on the face amount of most promissory notes. For notes secured by Florida real estate, an additional intangible tax of $0.002 per $1 of principal may apply.
Ready to Create Your Florida Promissory Note?
Our AI generates a FL-compliant promissory note in minutes — incorporating the statutory requirements above into every clause.
Promissory Note by State
Laws vary significantly by state. Find the right form for your location.
Disclaimer: LegalLawDocs.com provides self-help legal documents for informational purposes only. The documents and information on this site do not constitute legal advice and are not a substitute for consultation with a licensed attorney. Laws vary by state and change frequently — review your document with a qualified professional before relying on it.