Payday Loan Laws for Each State

Alaska Payday Loans

Legal Status: Legal (AK license required)

Laws: Alaska Statute 06.50.010 et seq.

Maximum Loan Amount: $500
Loan Term: Minimum of 14 days
Maximum Finance Rate and Fees $5 + the lesser of $15 per $100 or 15%
APR for 14-day $100 loan: 520%
Maximum Number of Outstanding Loans at One Time: No rule

Rollovers Permitted: Two renewals
Repayment Plan Required? Yes

Collection Fees: One $30 NSF fee; Court costs of up to $700 over the amount of the payment (if disclosed in loan agreement)
Criminal Action: Prohibited (Unless check returned due to closed account)

Still have questions or need assistance? Contact:
Alaska Division of Banking and Securities
P.O. Box 110807
Juneau AK 99811
Phone: 888-925-2521
Fax: 907-465-2549

Alaska License Lookup

Arizona Payday Loans

Legal Status: Prohibited

Laws: Consumer Lenders Act applies. Ariz. Rev. Stat. 6-632

Small Loan Rate Cap: 36% per year plus 5% fee

Still have questions or need assistance? Contact:
Arizona Department of Financial Institutions
Financial Enterprises Division
2910 N. 44th Street, Suite 310
Phoenix AZ 85018
Phone: 800-544-0708
Fax: 602-381-1225

Arkansas Payday Loans

Legal Status: Prohibited

Laws: Usury provision of Arkansas Constitution art. 19, 13
Former regulation: Ark. Code Ann. 23-52-101 repealed in 2011

Small Loan Rate Cap: 17% per year set by ballot in 2010

Still have questions or need additional info? Contact:
Office of the Attorney General
323 Center Street, Suite 200
Little Rock, Arkansas 72201
Phone: 501-682-2007 or 800-482-8982

California Payday Loans

Legal Status: Legal (must be licensed in CA)

Laws: Cal. Fin. Code 23000 to 23106

Maximum Loan Amount: $300
Loan Term: Maximum of 31 days
Maximum Finance Rate and Fees: 15% of check
Finance Charge for 14-day $100 loan: $17.65
APR for 14-day $100 loan: 459%

Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot charge fee for extension)
Cooling-off Period: None
Repayment Plan: Voluntary (no fees may be charged in conjunction with payment plan)

Collection Fees: $15 NSF fee
Criminal Action: Prohibited

Still have questions or need assistance? Contact:

Financial Services Division
1515 K Street, Suite 200
Sacramento CA 95814
Phone: 866-275-2677

Colorado State Information

Legal Status: Legal (must be licensed in CO)

Laws: Colo. Rev. Stat. 5-3.1-101 et seq.

Maximum Loan Amount: $500
Loan Term: Minimum 6 Months
Maximum Finance Rate and Fees: 20%: $0-$300 + 7.5%: $301-$500 plus 45% per annum interest plus monthly maintenance fee $7.50 per $100 borrowed, up to $30, after first month.
Finance Charge for 14-day $100 loan: Not applicable
APR for 14-day $100 loan: Not applicable

Maximum Number of Outstanding Loans at One Time: No limit if total debt does not exceed $500 and 30-days between loans
Rollovers Permitted: Renewals OK at 45% interest

Collection Fees: One $25 NSF fee; court costs; reasonable attorney's fees not to exceed loan amount
Criminal Action: Prohibited (Unless the consumer's account was closed before the agreed upon negotiation date)

Still have questions or need assistance? Contact:
Colorado Office of the Attorney General
Uniform Consumer Credit Code
1525 Sherman St., 5th Fl.
Denver CO 80203
Phone: 303-866-4494
Fax: 303-866-5691

Colorado License Lookup

Connecticut Payday Loans

Legal Status: Prohibited (Small loan lenders must be licensed in CT)

Laws: 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

Still have questions or need assistance? Contact:
Connecticut Department of Banking
260 Constitution Plaza
Hartford CT 06103
Phone: 860-240-8299
Fax: 860-240-8167

CT Small Loan Lender's License Lookup

Delaware Payday Loans

Legal Status: Legal (must be licensed)

Laws: Del. Code Ann. Tit. 5 2227 et seq.

Maximum Loan Amount: $500
Loan Term: Maximum 60 days
Maximum Finance Rate and Fees: Not Specified
Finance Charge for 14-day $100 loan: No Limit
APR for 14-day $100 loan: No Limit

Maximum Number of Outstanding Loans at One Time: Not Specified ($1000 aggregate loans outstanding to all licensees)
Rollovers Permitted: Four (rollovers)

Still have questions or need assistance? Contact:
Delaware Office of the State Bank Commissioner
555 E. Loockerman Street
Suite 210
Dover DE 19901
Phone: 302-739-4235
Fax: 302-739-3609

License Lookup

Florida Payday Loans

Legal Status: Legal (must be licensed in FL)

Laws: Fl. Stat. Ann. 560.401 et seq.; Rule 69V-560.901-912

Maximum Loan Amount: $500
Loan Term: 7-31 days
Maximum Finance Rate and Fees: 10% + verification fee
Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390%

Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot rollover)
Cooling-off Period: 24 hours
Repayment Plan: Yes

Collection Fees: All charges imposed on the lender by any financial institution; lender not entitled to treble damages
Criminal Action: Prohibited

Still have questions or need further assistance? Contact:
Florida Office of Financial Regulation
Division of Securities and Finance
200 E. Gaines Street Tallahassee FL 32399
Phone: (850) 410-9805
Fax: (850) 410-9748

Check for FL Licenses

Georgia Payday Loans

Legal Status: Prohibited (Industrial loan lenders must be licensed in GA)

Laws: Industrial loan act applies.
Ga. Code Ann. 7-3-14

O.C.G.A. Section 16-17-1 et seq.

Small Loan Rate Cap: 16% per year (10% per year discounted plus fees); 60% per year criminal usury cap

Still have questions or need further assistance? Contact:

Industrial Loan Division
Two Martin Luther King, Jr. Drive
West Tower, Suite 704
Atlanta GA 30334
Phone: 404-656-2070
Fax: 404-657-8542

GA Industrial Loan Lender License Search

Hawaii Payday Loans

Legal Status: Legal (Applies to check cashers only)

Laws: Hawaii Rev. Stat. Ann. 480F-1 et seq.

Maximum Loan Amount: $600
Loan Term: Max: 32 days
Maximum Finance Rate and Fees: 15% of check
Finance Charge for 14-day $100 loan: $17.65
APR for 14-day $100 loan: 459%

Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance or consolidate)

Collection Fees: $20 NSF fee; Check Casher that accepts check passed on insufficient funds not entitled to recover damages
Criminal Action: Prohibited (Unless check returned due to closed account or stop-payment by maker)

Where to Complain, Get Information:
Hawaii Department of Commerce and Consumer Affairs
Consumer Resource Center
235 S. Beretania Street, Rm 801
Honolulu HI 96813
Phone: (808) 587-3222
Fax: (808) 586-2640

HI License Lookup

Idaho Payday Loans

Legal Status: Legal

Laws: Idaho Code Ann. 28-46-401 et seq.

Maximum Loan Amount: $1000
Maximum Finance Rate and Fees: Not Specified
APR for 14-day $100 loan: No Limit

Maximum Number of Outstanding Loans at One Time: Not Specified ($1000 aggregate loans outstanding to all licensees)
Rollovers Permitted: Three (renewals)

Collection Fees: $20 NSF fee + 12% interest per annum on unpaid amount (if disclosed )
Criminal Action: Prohibited

Still have questions or need more Information? Contact:
Idaho Department of Finance
Consumer Credit Section
700 West State Street, 2nd Floor
Boise, ID 83702
Phone: 208-332-8000

Idaho License Lookup

Illinois Payday Loans

Legal Status: Legal

Laws: Ill. Comp. Stat. Ann. 122/1-1

Maximum Loan Amount: lesser of $1000 or 25% gross monthly income
Loan Term: 13-45 days
Maximum Finance Rate and Fees: $15.50 per $100
APR for 14-day $100 loan: 403%

Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot rollover)
Cooling-off Period: 7 days after 45 consecutive loan days
Repayment Plan: Yes

Collection Fees: One $25 NSF fee (Presentment limit = 2)
Criminal Action: Prohibited

Still have questions or need more information? Contact:
Illinois Division of Financial Institutions
Consumer Credit Section
320 W. Washington
Springfield, IL 62701
Phone: 888-298-8089

IL Licensed Lender Lookup

Indiana Payday Loans

Legal Status: Legal

Laws: Ind. Code Ann. 24-4-4.5-7-101 et seq.

Maximum Loan Amount: $550 (not to exceed 20% of borrower's monthly gross income)
Loan Term: Min: 14 days
Maximum Finance Rate and Fees: 15%: $0-$250; 13%: $251-$400; 10%: $401-$500

Maximum Number of Outstanding Loans at One Time: One per lender; Two total
Rollovers Permitted: None (cannot renew, repay, refinance or consolidate)
Cooling-off Period: 7 days after 6 consecutive loans
Repayment Plan: After 3 consecutive loans, lender must offer an extended payment plan of at least four equal installments at no additional cost

Collection Fees: One $20 NSF fee; additional charges may apply when check or authorization to debit was used to defraud another
Criminal Action: Prohibited


Still have questions or need more information? Contact:
Indiana Department of Financial Institutions
30 South Meridian Street
Suite 300
Indianapolis, IN 46204
Phone: 800-382-4880

IN License Lookup

Iowa Payday Loans

Legal Status: Legal

Laws: Iowa Code Ann. Sect. 187, Chpt. 533D.1 et seq.
AG opinion letter regarding "hot checks" as related to PDLs in Iowa

Maximum Loan Amount: $500
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: $15 for up to the first $100 plus an additional $10 per $100 thereafter
APR for 14-day $100 loan: 433%

Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot repay, refinance or consolidate)

Collection Fees: One $15 NSF fee (exclusive remedy)
Criminal Action: Not Specified

Still have questions or need more information? Contact:
Iowa Division of Banking
200 East Grand Avenue
Suite 300
Des Moines, IA 50309
Phone: 515-281-4014

Iowa License Lookup

Still working on it. We're almost half way there :) More to come.

Kansas Payday Loans

Legal Status: Legal (must be licensed in KS)

Laws: Kan. Stat. Ann. 16a-2-404

Maximum Loan Amount: $500
Loan Term: 7-30 days
Maximum Finance Rate and Fees: 15%
Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390%

Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: Not Specified

Collection Fees: One NSF fee
Criminal Action: Prohibited

Still have questions or need more information? Contact:
Office of the State Bank Commissioner
700 SW Jackson, Suite 300
Topeka, KS 66603
Phone: 785-296-2266
Fax: 785-296-0168


Licensed Lender Lookup

Still working on it. We're almost half way there More to come.

The state attorney general acknowledged that online payday loans are illegal in Ky. http://migration.kentucky.gov/newsroom/eppc_ofi/collection100710.htm

Do you have the laws for South Carolina??

South Carolina

Maximum Loan Amount: $300 (No Limit)
Maximum Finance Charges: $15 per $100 borrowed (No Limit)
Legally Operating Online Lenders: PayDayOne.com
Licensing Requirements: Online lenders must be licensed in South Carolina.

I live in Georgia and was threatened with a bad check lawsuit by great plains.....even though they took out 3 payments but then I lost my job. Can they file a bad check lawsuit against me in Georgia?

I have multiple payday loans that are killing me and my monthly paychecks. This making it very hard to make minimum ends meet. I hate that I got myself into this situation! But am ready to take charge of my finances. And I am now researching my rights as a lender. I have looked at my states licensed consumer credit/PDL lenders and do not see any on any of the lists. As well as, the majority of the terms of my loans do not fall within the Oklahoma PDL laws. I have read the steps to address illegal PDL issues and am going to start that process. My main question is about the tribal entities. At least 4 of the 8 are tribal entities and I have read and reread the online "agreements" I "signed", and they state that because they are a tribal sovereignty, they operate under their own laws and by signing I was "agreeing" to abide by those, and not my state laws. Is this true, or a scare statement, or what???

I have loans with one click cash,plain green and american web loan.

Before applying for Payday loan in Utah, Beware of following warnings:
1) Make sure the institution is registered under the Department of Financial Institutions as it is being guided by Utah Code 7-23-201.
2) The rate of interest in Utah is very low, according to Utah Code 70C-7-106.
3) The maximum roll over loan period is 12 weeks. Utah Code 7-23-401.
4) According to Utah Code 7-23-401, get pay day loan contract in writing.
5) The pay day lender must post "a complete schedule of any interest or fees charged for a deferred deposit loan that states the interest and fees using dollar amounts." Utah Code 7-23-401.

got a payday loan without realizing that by putting my info online to a certain website for a payday loan like a idiot i was actually giving my consent. scam co in new zealand, hydrafund 3. in december last year for 200.00. i closed my account, they wouldnt take the cash back, so they sent it to nca in kansas. NEVER got a verification via the mail for this debt and i changed my cell # so i would not be harrassed, i did my homework on these collection agencies.
nevertheless, now nca has sent it to a rj or rja capital in ny and this dude called my step mom's cell and my dad's asking for my new number and info. like a fool my dad have it to them. a thomas moyer called me and left a message. i have since disabled my voicemail and blocked their calls. my concern is that i might get sued b/c they could say i defaulted but truth is, the original company is a illegal payday lender and i have the 200 to give back, but i refuse to pay more since in maryland where i live pdl's are not legal and you are not required to pay interest, etc..
i tried to call this thomas moyer back, it rings and goes to his voicemail. tried three times. what should i do?

Greetings...
i am hoping that you can assist me with this problem. (thanks). I had paid IMR for a pdl in March 2012 . paid settlement of $300.00. I have the settlement in writing and a debit card receipt. a new collection company is now sending me the same debt with a balance of $210.00.
The first company IMR is now closed (lynnwood, Washington) Please help ... I live in Florida and the orignal APR was over our states limit (apr 790%) How should I handle the second collector ?? thank you

this thomas moyer stated that i or my legal aid could call him back to hear 'my rights' (whatever) and he said the last four of my social. i complained to the bbb and ny buffalo state attorney office. this is the number i have for this rj or rja capital ( not sure which one, his voicemail says rj but the message he left me was rja). 607-231-8083

Is POLYGROUP INVEST POLYGROUP aka nextminuteloans legal in florida???

Does anyone here know more details about Swoosh Finance in Australia? Specifically in services and payments...

Answer my own question.... Searched and saw their site....

Does anyone here know a payday loans that offers no interest?

is it possible for a payday loan to offer no interest?

YES! Swoosh Finance offers a loan without interest

Okay- first time comment...
I've been researching Nevada law in reference to PDL's and unfortunately, Nevada is probably the most friendly state to companies designed for this mode of business. I did, however, find that according to Nevada Law (NRS 604A.400), ALL lenders must be licensed in the state of Nevada for those loans to be legal.
This means that Tribal loans are illegal as they are relying on Tribal Law and don't pay attention to State usage laws.
Hope this helps for anyone interested.