Loan Terms Debt Limits Collection Limits State Legal Status Citation Maximum Loan Amount Loan Term Maximum Finance Rate and Fees Finance Charge for 14-day $100 loan APR for 14-day $100 loan Maximum Number of Outstanding Loans at One Time: Rollovers Permitted: Cooling-off Period: Repayment Plan: Collection Fees Criminal Action Alaska Legal Alaska Statute 06.50 $500 Min 14 days $ 5 + the lesser of $ 15per $ 100 or 15% $20 520% Not Specified Two (renewals) yes $30 NSF fee; Court costs of up to 700 over the amount of payment (if disclosed in loan agreement) Prohibited (Unless check returned due to closed amount) Alabama Legal Ala. Code § 5-18A-1 et seq. $500 10-31 days 17.50%; 3%/month after default $17.5 456.25% None (max $ amount of loans at one time: $500) One (rollover) Next business day after 2 continuous loans repaid Yes One $30 NSF fee; Court Costs; Reasonable Attorney's Fees up to 15% of face amount of check Prohibited (Unless check returned due to closed account) Arkansas Legal (Applies to check cashers only) Ark. Code. Ann. § 23-52-101 et seq.; Ark. Const. art. 19, § 13 $400 6-31 days 10% of check + $10; $5 ID card $22.22 579% One per location None (cannot renew or consolidate) NSF fee; Court Costs; Reasonable Attorney's Fees Prohibited (Unless check returned due to closed account or stop-payment by maker) Arizona Legal Ariz. Rev. Stat. Ann. § 6-1251 et seq. $500 Min: 5 days 15% of check $17.65 459% One Three (extensions) $25 NSF fee + actual charges assessed by the financial institution Prohibited California Legal Cal. Fin. Code §§ 23000 to 23106 $300 Max: 31 days 15% of check $17.65 459% One None (cannot charge fee for extension) None Voluntary (no fees may be charged in conjunction with payment plan) $15 NSF fee Prohibited Colorado Legal Colo. Rev. Stats. § 5-3.1-101 et seq. $500 Max: 40 days 20%: $0-$300 + 7.5%: $301-$500 $20 520% One One (renewal) One $25 NSF fee; Court Costs; Reasonable Attorney's Fees not to exceed loan amount Prohibited (Unless the consumer's account was closed before the agreed upon negotiation date) Connecticut Prohibited Usury act applies or small loan act applies. Conn. Gen. Stat.§ 36a-563 D.C Legal (Applies to check cashers only) D.C. Code Ann. § 26-301 et seq. $1000 Max: 31 days 10% of face amount + fee of $5: $0- $250; $10: $251-$500; $15: $501- $750; $20:$751-$1000 $16.1 419% Not Specified Not Specified Not Specified Not Specified Delaware Permitted under small loan act or licensing law - Legal Del. Code Ann. tit. 5 § 2227 et seq.; Del. Code. Ann. tit. 5 § 2744 $500 Max: 60 days Not Specified No Limit No Limit Not Specified ($1000 aggregate loans outstanding to all licensees) Four (rollovers) Florida Legal Fl. Stat. Ann. § 560.401 et seq.; Rule 69V-560.901-912 $500 7-31 days 10% + verification fee $15 390% One None (cannot rollover) 24 hours Yes All charges imposed on the lender by any financial institution; lender not entitled to treble damages Prohibited Washington Legal (Lender must have a small loan endorsement to their check casher license in order to make payday loans) Wash. Rev. Code § 31.45.010 et seq. $700 Max: 45 days 15%: first $500; 10%: remaining portion of the loan in excess of $500 up to the $700 maximum $15 390% A company cannot hold a check or checks in an aggregate face amount of more than $700 plus allowable fees from any one borrower at any one time. None (cannot repay loan with proceeds of another) A company and a borrower may voluntarily enter a payment plan at any time. A borrower, however, has a right to convert a small loan to a statutory payment plan after four successive loans and prior to default on the last loan. $25 NSF fee (one time per instrument); collection costs (excluding attorney's fees, interest and damages) Prohibited Montana Legal Montana Code Ann. § 31-7-701 $300 Max: 31 days 25% $25 650% Two None (cannot renew, repay, or refinance) One $30 NSF fee; Court Costs; Reasonable Attorney's Fees if disclosed Prohibited North Dakota Legal N.D. Cent. Code § 13-08-01 et seq. as amended by 2005 N.D. Laws Ch. 127 (H.B. 1321) $500 Max: 60 days 20% + databasing fee $20 520% Not Specified ($600 aggregate loans outstanding to all licensees) One (renewal fee not to exceed 20% of amount being renewed) 3 days $20 NSF fee (if disclosed) Prohibited (Unless account was closed on date of original transaction) Minnesota Legal Minn. Stat. Ann. § 47.60 $350 Max: 30 days $5.50: $0-$50; 10%+$5: $51-$100; 7% (min. $10) + $5: $101-$250; 6% (min. $17.50) + $5: $251-$350 (After default: 2.75% per month) $15 390% Not Specified None (cannot repay with proceeds of another loan by same lender) $30 NSF fee Wisconsin Legal Wis. Stat. § 138.09 Not Specified Not Specified No Limit No Limit No Limit No Limit Not Specified $15 NSF fee if check returned due to no account open at bank, insufficient funds or insufficient credit. Check presentment limit: two times. Prohibited (per Wisconsin worthless check law, a check given to secure a loan isn't "worthless") Michigan Legal Public Act 244 of 2005 $600 Max: 31 days 15% of first $100, 14% of second $100, 13% of third $100, 12% of fourth $100, 11% of fifth $100, 11% of sixth $100 + any database verification fee $15 390% One with licensee or more than one with any other licensee None (cannot renew; lender may extend only if it does not charge a fee) Yes One $25 returned check charge Prohibited Oregon Legal 54 Or. Rev. Stat. Ann. § 725.600 et seq. Not Specified Max: 60 days Not Specified No Limit No Limit One Three (renewals) 1 day if lender has renewed previous payday loan 3 times One $25 NSF fee + additional bank charges Not Specified Idaho Legal Idaho Code Ann. § 28-46-401 et seq. $1000 Not Specified Not Specified No Limit Not Specified ($1000 aggregate loans outstanding to all licensees) Three (renewals) $20 NSF fee + 12% interest per annum on unpaid amount (if disclosed ) Prohibited

Wyoming Legal Wy. Stat. 40-14-362 et seq. Not Specified Not Specified the greater of 20% or $30 $30 780% Not Specified None (cannot repay, refinance or consolidate by proceeds of another check) Prohibited (Prior to date on instrument) South Dakota Permitted under small loan act or licensing law S.D. Codified Laws § 54-4-36 et seq. $500 Not Specified Not Specified No Limit No Limit Not Specified Four (licensee can renew, rollover or flip loan if debtor pays outstanding fee each time) Not Specified Not Specified Iowa Legal 2 Iowa Code Ann. § 533D et seq. $500 Max: 31 days $15: $0-$100; $10 per $100 thereafter $16.67 433% Two None (cannot repay, refinance or consolidate) One $15 NSF fee (exclusive remedy) Not Specified Illinois Legal 815 Ill. Comp. Stat. Ann. § 122/1-1 lesser of $1000 or 25% gross monthly income 13-45 days $15.50 per $100 $15.5 403% Two None (cannot rollover) 7 days after 45 consecutive loan days Yes One $25 NSF fee (Presentment limit = 2) Prohibited Indiana Legal Ind. Code Ann. § 24-4.5-7-101 et seq. $500 (not to exceed 15% of borrower's monthly gross income) Min: 14 days 15%: $0-$250; 13%: $251-$400; 10%: $401-$500 $15 390% One per lender; Two total None (cannot renew, repay, refinance or consolidate) 7 days after 6 consecutive loans After 6 consecutive loans, lender must impose a 7 day cooling off period or convert to an installment loan payable in more than 4 installments at a rate no greater than 36% APR One $20 NSF fee; additional charges may apply when check or authorization to debit was used to defraud another Prohibited Ohio Legal (Applies to check cashers only) Ohio Rev. Code Ann. §§ 1315.35 et seq. $800 Max: 6 months $10/$100 + 5% per month $15 390% One None (cannot refinance) Bank charges (if disclosed); $20 collection charge; Court Costs; damages Not Specified Nevada Legal 2005 Nev. Stat. 414 (A.B. 384) 25% of expected gross monthly income Max: 60 days Not Specified (After default: interest rate must be equal to or less than the prime rate at the largest bank in the State of Nevada plus 10 %) No Limit No Limit Not Specified Not Specified (Lenders cannot extend payment period beyond 60 days after expiration of initial loan period) Yes $25 dishonored check fee (max. two fees for insufficient funds; max. one fee for closed account) Court Costs; Reasonable Attorney's Fees; Service of process costs Prohibited (Unless customer acted with criminal intent) Utah Legal (Applies to check cashers only) Utah Code Ann. § 7-23-01 et seq. No Limit May not exceed 12 weeks No usury limit No Limit No Limit No Limit Not Specified (cannot extend or renew loan more than 12 weeks from original loan date) None Not Specified Not Specified Kansas Legal Kan. Stat. Ann. § 16a-2-404 as amended by 2005 Kansas Legis. 144 (eff. April, 2005) $500 7-30 days 15% $15 390% Two Not Specified One NSF fee Prohibited Missouri Legal Mo. Stat. Ann. § 408.500 et seq.; Mo. Code Regs. Ann. Tit. 4 § 140-11.010 et seq. $500 14-31 days Not Specified (No borrower shall be required to pay a total amount of accumulated interest and fees in excess of 75% of the initial loan amount on any single authorized loan for the entire loan term and all authorized renewals. Otherwise, interest is set pursuant to small loan law which provides that parties may set rate by contract.) $75 1980% Not Specified Six (borrower must reduce principal amount of loan by 5% or more upon each renewal) NSF fee; Collection costs (including court costs and reasonable attorney's fees) Licensee cannot use a series of ACH transactions to collect a single check. Prohibited (Unless check returned due to closed account or stop-payment by maker) Oklahoma Legal Okla. Stat. Ann. tit. 59 § 3101 et seq. $500 12-45 days $15 per $100: $0- $300; $10 per $100: $301-$500 $15 390% Two None (cannot renew; a loan made within 13 days after a previous one was entered into shall be considered a renewal and shall not be made) Second business day after the 5th consecutive loan repaid Yes $25 NSF fee (if disclosed) unless dishonored due to theft or forgery Prohibited New Mexico Legal N.M. Stat. Ann. § 58-15-1 et seq. Not Specified Not Specified No Limit No Limit No Limit No Limit Not Specified Attorney's Fees, Court Costs, Filing Fees Texas Legal 7 Tex. Admin. Code § 1.605; Tex. Fin. Code Ann. §§ 342.251 et seq. and 342.601 et seq. 7-31 days $10 per loan + 48% annual interest $12 309% Not Specified ($500 aggregate loans outstanding to all licensees) None (if renewal charge is less than maximum interest rate permitted; otherwise convert to declining balance installment note) Not Specified Not Specified Mississippi Legal (Applies to check cashers only) Miss. Code Ann. § 75-67-501 et seq. $400 Max: 30 days 18% of check $22 572% Not Specified None (cannot renew or otherwise extend) NSF fee; Court-awarded fees (if disclosed) Prohibited (When check returned due to NSF) South Carolina Legal S.C. Stat. Ann. 34-39-110 et seq. $300 Max: 31 days 15% $15 390% Not Specified None Lesser of: NSF fee of $10 or actual charge Prohibited Louisiana Legal La. Stat. Ann. § 3578.1 et seq. $350 60 days $5 documentation fee + the greater of 16.75% of check or $45 (After default: months 1-12: 36% per year; months 13 and beyond: 18% per year) $25 650% Not Specified None (cannot renew or rollover but licensee may accept partial payment of 25% of amount advanced plus fees and enter into new loan) One NSF fee of actual bank charge (if disclosed) + the greater of $25 or 5% of check (if disclosed); Court Costs; Reasonable Attorney's Fees Prohibited Georgia Prohibited Industrial loan act applies. Ga. Code Ann.§ 7-3-14. Ga. Comp. R. & Regs. r. 80 § 3-1.02(7) North Carolina Prohibited (N.C. Gen. Stat. § 53-281 authorizing payday loans allowed to sunset in 2001) The consumer finance act applies. N.C. Gen. Stat. § 53-173 Virginia Legal Va. Code Ann. § 6.1-444 et seq. $500 Min: 7 days 15% 15% 390% Not Specified None (cannot refinance, renew, or extend) $25 NSF fee; Court Costs; Reasonable Attorney's Fees (not to exceed $250) Prohibited Maine Prohibited - Permitted for supervised lenders Maine's UCCC applies. 9-A Me.Rev.Stat.Ann. 2-401. Supervised Lenders are exempt from 32 M.R.S.A. 6138(4)(D) which prohibits a check casher from cashing or advancing any money on a postdated check.

Vermont Prohibited Small loan act applies. Vt. Stat. Ann. tit. 9 § 41a New Hampshire Legal 36 N.H. Rev. Stat. Ann. § 399-A:1 et seq. $500 7-30 days Not Specified (After default: 6% per year) No Limit No Limit Not Specified None (cannot refinance, renew, extend; borrowers can renew to obtain additional cash but prior loan must be paid in full from proceeds of new loan and marked as such) Prohibited New York Prohibited Licensed lender law applies but interest rate is that agreed to by contract. N.Y. Banking Law § 340 et seq. A check casher licensee cannot make loans nor cash or advance any moneys on a post dated check unless it is a payroll check. N.Y. Banking Law § 373. Criminal law sets the usury cap at 25%. N.Y. Penal Code § 190.40. New Jersey Prohibited Consumer loan act applies but rates as agreed to by contract. N.J. Stat. Ann. tit. 17,§ 1 et seq. However, criminal law sets the usury cap at 30%. N.J. Stat. Ann. § 2C: 21-19. A check cashing licensee cannot cash or advance money on a postdated check. N.J. Stat. Ann. § 17:15A-47. Maryland Prohibited Consumer loan act applies. Md. Code Ann. Com. Law II § 12-301 et seq. Hawaii Legal (Applies to check cashers only) 26 Hawaii Rev. Stat. Ann. § 480F-1 et seq. $600 Max: 32 days 15% of check $17.65 459% One None (cannot refinance or consolidate) $20 NSF fee; Check Casher that accepts check passed on insufficient funds not entitled to recover damages Prohibited (Unless check returned due to closed account or stop-payment by maker) Pennsylvania Prohibited Check cashers are specifically prohibited from making payday loans under Check Cashing Licensing Act of 1998, § 505(a). Otherwise, consumer discount company act applies. 7 Pa. Cons. Stat. Ann. § 6201 et seq. Kentucky Legal (Applies to check cashers only) Kentucky Rev. Stat. Ann. § 368.010 et seq. $500 14-60 days $15 per $100 $17.65 459% wo ($500 aggregate loans outstanding to all licensees) None (cannot renew, rollover, or consolidate) None One NSF fee (if disclosed) Prohibited Rhode Island Legal (Applies to check cashers only) R.I. Stat. Ann. §§ 19-14.4-1 and 19-14.4-4 et seq. as amended by 2005 RI Laws 05-230 (05-H6-3A) $500 Min: 13 days 15% $15 390% 3/$500 One (rollover) Not Specified Not Specified