state laws
Date: Thu, 09/23/2010 - 16:27
Online payday lenders might offer loans to residents of MD but w
Online payday lenders might offer loans to residents of MD but will be considered as illegal.
As per to my knowledge, payday loans are prohibited in Maryland.
As per to my knowledge, payday loans are prohibited in Maryland.
If you drive over to VA and get a loan at a brick and mortar sto
If you drive over to VA and get a loan at a brick and mortar store there, you will be bound by VA laws rather than MD laws, if that's what you're asking. If you get a loan via the internet, it will be illegal. CSOs and installment loan lenders operate under different laws, however. Places like CashNetUSA and Check 'n Go online are operating as CSOs, so those are legal. There are a lot of factors. If you give us more information, we can give you more specific answers. Who is the lender in question? Was this an online loan or a storefront loan?
Please provide the information requested by OhioGal. In additio
Please provide the information requested by OhioGal. In addition, please contact the MD Dept. of Financial Regulation (address and phone # listed in the link above), as they'll be able to help you out.
