help in connecticut
Date: Mon, 11/10/2008 - 14:29
my friends sister had a pay day loan from us fast cash. her sister has been in a bad car accident, and they keep calling their house regarless of what my friend tells them. Any help here?? what should she do? they won't disclose any information to my friend regarding her sister. help
I found the following information which states that payday loans
I found the following information which states that payday loans are prohibited in Connecticut: -
Quote:
Legal Status: Prohibited Citation: Usury act applies or small loan act applies. Conn. Gen. Stat.???? 36a-563 Small Loan Rate Cap 30.03% apr or $17 per $100 up to $600; $11 per $100 up to $1,800; add-on interest Where to Complain, Get Information: Regulator: Connecticut Department of Banking Address: 260 Constitution Plaza Hartford CT 06103 Phone: (860) 240-8299 Fax: (860) 240-8167 Regulatory Contact: Alan Cicchetti Deputy Commissioner |
Source: - "http://www.paydayloaninfo.org"
