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Payday loans are small, high-interest loans. In order to prevent snowballing debt, states across the U.S. have implemented their own strict regulations.
This legal research guide provides information about short-term and payday loans, including links to relevant statutes and information in “plain English.”
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Pew’s Safe Small-Dollar Loans Research Project classified states into three categories based on their payday loan regulations: Permissive, Hybrid, and Restrictive.
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Payday loans are illegal in New York State. It is a violation of New York State law to make payday loans in-person, by telephone, or over the Internet.
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Find all the states that prohibit and allow payday loans in USA. To help avoid confusion, PaydayLoansOnline.net has compiled a table for consumers to use as a
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H.B. 320 Under existing law, deferred presentment transactions, commonly referred to as payday loans, are regulated by the State Banking Department pursuant to the Small business loan officer
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