PAY DAY LOANS
Date: Tue, 08/05/2008 - 12:16
Can i be arrested for bank fraud if i got a payday and the payments were supposed to come out of my bank account but after 3 payments my account became overdrawn and i no longer could make payments?
What state are you in? You can not be arrested for pdl's no mat
What state are you in? You can not be arrested for pdl's no matter what these companies tell you. Someone will post your pdl laws for your state and advise you further.
What is the name of this pdl? Are you certain it isn't a CSO (Cr
What is the name of this pdl? Are you certain it isn't a CSO (Credit Service Organization)? CSO's do not need to be licensed, and are generally 100% legal in what they charge. I am posting the pdl laws for you, but they do not pertain to CSO's, so it's important that you provide us with the correct information. :)
Quote:
Maryland State Information Legal Status: Prohibited Citation: Consumer loan act applies. Md. Code Ann. Com. Law II ???? 12-301 et seq. Small Loan Rate Cap 2.75% per month; 33% per year. Where to Complain, Get Information: Regulator: Maryland Commissioner of Financial Regulation Address: 500 North Calvert Street Suite 402 Baltimore MD 21202 Phone: (410) 230-6100 Fax: (410) 333-3866 Regulatory Contact: Michael Jackson Director, Regulatory Policy Regulator????????s Website |
