On March 19, the Florida governor signed SB 386, which amends Florida’s consumer finance law to remove the requirement that installment payments must be made monthly, and updates the allowable charges for delinquencies. Specifically, SB 386 now allows equal, periodic installment loan payments to be made every two weeks, semimonthly, or monthly. This provision does not apply to lines of credit. Additionally, SB 386 provides that a delinquency charge for a payment in default may not exceed $15 for payments due monthly; $7.50 for payments due semimonthly; and $7.50 or $5.00 for payments due every two weeks, depending on the number of payments due within a calendar month. The law is effective July 1.