The Florida Secured Creditors Notice of Payment Change is a document that lenders must provide to borrowers when their loan terms change. This document outlines the changes to the loan terms, such as the loan amount, interest rate, term length, payment schedule, and any other changes that may affect the borrower. There are two types of Florida Secured Creditors Notice of Payment Change: (1) Notice of Payment Increase and (2) Notice of Payment Decrease. The Notice of Payment Increase must be provided to a borrower when the lender raises the loan amount, interest rate, or term length, or when the payment schedule is changed. The Notice of Payment Decrease must be provided to a borrower when the lender reduces the loan amount, interest rate, or term length, or when the payment schedule is changed. These documents must be provided to the borrower in advance of the loan changes taking effect.