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How do I find out if certain lenders are illegal in my state? The Loan Shop out of Delaware, AAA Pay Day loans, and 3 B Pay day loans...I live in the state of Louisiana...




I am quite sure that all the 3 lenders are illegal in the state of Louisiana. You can check out the official website of Louisiana Office of Financial Institutions to be 100% sure.

Sub: #1 posted on Wed, 07/11/2012 - 23:16

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Thanks! I am pretty sure that they are not legal, because even though internet pay day loans are legal in Louisiana, ( I think), they have to follow the Louisiana pay day loan guidelines, which they are not. Our max loan amount should be $350 with a $20 fee per hundred (max) and they allowed me to borrow $600 with a $150 fee....But I will double check this information today with the Office of Financial Institutions in Louisiana. If anyone has any other information,please let me know...

Sub: #2 posted on Fri, 07/13/2012 - 07:54

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I just contacted the Office of Financial Institutions of Louisiana and I am being told that they do not regulate the online pay day loan industry. You need to contact the Louisiana Attorney General's office.

Sub: #3 posted on Fri, 07/13/2012 - 08:16

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Attorney General's office had no idea !!! Has to call me back !! WOW...

Sub: #4 posted on Fri, 07/13/2012 - 08:51

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