Verified by Licensed Bail Bond Professionals•Last updated: March 2026
Definition: Charging or collecting interest rates exceeding Florida's legal limits with willful intent. Criminal usury (loansharking) at 25%+ annual interest is a 2nd degree felony; at 45%+ is a 1st degree felony.
Category: Criminal Offenses · Statute: F.S. 687.071 · Source: Florida Legislature
Understanding Usury (Criminal) in Florida
Charging or collecting interest rates exceeding Florida's legal limits with willful intent. Criminal usury (loansharking) at 25%+ annual interest is a 2nd degree felony; at 45%+ is a 1st degree felony.
How This Relates to Bail
Understanding legal terminology helps navigate the criminal justice system. If you or a loved one is facing charges, call QuickBail at (941) 477-6888 for immediate help from licensed bail bond professionals.