PDL Help in Massachusetts
Massachusetts State Information Legal Status: Prohibited C
Massachusetts State Information
Legal Status: Prohibited
Citation:
Small loan act applies. Mass. Gen. Laws Ann. ch. 140 ???? 96 et seq.;209 Mass. Code Regs. ???? 26.01. Check cashers are specifically prohibited from making loans unless licensed under the small loan act. 209 Mass. Code Regs. ???? 45:14(8).
Small Loan Rate Cap
23% plus $20 administrative fee upon the granting of a loan
Where to Complain, Get Information:
Regulator: Massachusetts Division of Banks
Address: One South Station Boston MA 02110
Phone: (617) 956-1500
Fax: (617) 956-1599
Regulatory Contact: Kevin McNamara Supervisor
As you can see, payday loans are prohibited in your state, are a
As you can see, payday loans are prohibited in your state, are all of these internet???
As far as ameriloan I would go to bbb.org and submit a complaint against them, and as far as the letters go you can find a great one in the diy section, hope that helps!
I would also contact Mass Division of Banks, the info is right above, where you can call, I would just call and explain what is happening with you and your situation.