How can I find out what internet PDL are licensed in IN?

Somebody may come along and correct me on this if needed, but I suspect that none of them are. Hang tight, wiser folks will be along presently.

Meanwhile, what companies do you have loans with?

HI Stephen,
Here are the pay day loan laws for Indiana and the link to the licensee datbase:


http://extranet.dfi.in.gov/dfidb/nondeplist.aspx


Indiana State Information

Legal Status: Legal

Citation:
Ind. Code Ann. ???? 24-4-4.5-7-101 et seq.

Loan Terms:
Maximum Loan Amount: $550 (not to exceed 20% of borrower's monthly gross income)
Loan Term: Min: 14 days
Maximum Finance Rate and Fees: 15%: $0-$250; 13%: $251-$400; 10%: $401-$500
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One per lender; Two total
Rollovers Permitted: None (cannot renew, repay, refinance or consolidate)
Cooling-off Period: 7 days after 6 consecutive loans
Repayment Plan: After 3 consecutive loans, lender must offer an extended payment plan of at least four equal installments at no additional cost

Collection Limits:
Collection Fees: One $20 NSF fee; additional charges may apply when check or authorization to debit was used to defraud another
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Indiana Department of Financial Institutions
Address: 30 South Meridi an Street, Suite 300 Indianapolis IN 46204
Phone: (800) 382-4880
Fax:
Regulatory Contact: Mark Tarpey,, Supervisor, Consumer Credit
Regulator Website

Licensee Database

Complaint Instructions

Thanks for the quick info, Volley! I got a PM from Stephen, and pointed him toward the PDL forum, hoping for maximum exposure. Hopefully, he'll turn up there directly.

Sounds great wulf! Did he tell you which pdl's he was dealing with by chance?

I had him lay it all out in the other thread here: http://www.debtconsolidationcare.com/paydayloan/about43328.html#331949

Looks like he's a quick study.