Pay Day Loan Licensed in State?
Date: Mon, 11/20/2006 - 07:41
I want to know if WebPayDay is licensed in my state? I live in South Carolina. Also How do i find out if a payday loan is licensed in my state?
payday loans
Welcome Payday lending unfortunately is legal in your state. You can check secretary of state to see if they are licensed there. I would still fill a complaint with Attorney General and they can direct you in right place. Keep us posted. KYSIDE38
Quote:Citation: Tenn. Code Ann. ????45-17-101 et seq. and
Quote:
Citation: Tenn. Code Ann. ????45-17-101 et seq. and Tenn. Comp. R. & Regs. ???? 0180-28-.01 Loan Terms: Maximum Loan Amount: $500 Loan Term: Max: 31 days Maximum Finance Rate and Fees: the lesser of 15% of the check or $30 Finance Charge for 14-day $100 loan: $17.65 apr for 14-day $100 loan: 459% Debt Limits: Maximum Number of Outstanding Loans at One Time: 3 (2 per licensee) Rollovers Permitted: None (cannot renew or otherwise consolidate) Cooling-off Period: Repayment Plan: Collection Limits: Collection Fees: One $30 NSF Fee; Court Costs Criminal Action: Prohibited Where to Complain, Get Information: Regulator: Tennessee Department of Financial Institutions Address: 511 Union Street, Suite 400 Nashville, TN 37219 Phone: (615) 741-2236 Fax: (615) 532-1018 Regulatory Contact: Bart Daughdrill, http://www.tennessee.gov/tdfi/ |
Hi ATM, please see my thread on this board in regards to my star
Hi ATM, please see my thread on this board in regards to my starting to take on the PDL industry here in TN
http://www.debtconsolidationcare.com/settlement/ipdl-investigation.html
ATM - as far as finding out if they're licensed in your state, g
ATM - as far as finding out if they're licensed in your state, go to your state's governmental website, look for your Attorney General's department and start there. If there is no licensure link there, do a general search from the state government's homepage on "business license status". That should help you find them.
Probably, you will get some info with the South Carolina Dept of
Probably, you will get some info with the South Carolina Dept of Consumer Affairs. Here is the link
http://www.scconsumer.gov/
Alot of these companies will tell you that they don't have to go
Alot of these companies will tell you that they don't have to go by your laws, but they do have to go by the laws of the state of the "consumer"...
When you say this, I thought this information should also come a
When you say this, I thought this information should also come along with -
Natdust is right but there are a few exceptions. In PA, if a lender is licensed in their state, they can do the business in the borrowers' state even if they are not licensed there and even if payday loans are prohibited in that state.
