Payday state law

Date: Wed, 02/20/2013 - 10:22

Submitted by anonymous
on Wed, 02/20/2013 - 10:22

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Total Replies: 1

I am a resident of mass is it ilegal for payday loans to be taken from my checking account

Massachusetts Payday Loan

Massachusetts Payday Loan Laws
State Legal Status: Lending of payday loans are prohibited in the State of Massachusetts.

Interest Rate Cap on Small Loans : 23% + $20 administrative fee once the loan is granted

File your Complaint and get Information:
Regulator - Massachusetts Division of Banks
Address - One South Station Boston MA 02110
Phone - (617) 956-1500
Fax - (617) 956-1599

Follow this link on how to deal with illegal, unlicensed lenders - http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html

Who did you borrow from - how much borrowed - how much repaid to date?

lrhall41

Submitted by HelpinAZ on Wed, 02/20/2013 - 10:43

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