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Payday loan state laws

Payday loan state laws

Payday Loan State Laws and Information


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This page contains a summary and chart showing state by state payday lending statues and laws by loan amount, loan term and finance charges.

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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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Florida law limits the interest and terms of payday loans, and requires payday loan lenders to comply with other rules that protect consumers.

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Alabama Payday Loan Laws & Alabama Payday Loan Legislation - State Information. Legal Status: Legal. Citation: Ala. Code § 5-18A-1 et seq. Loan Terms:

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Ohio's Short-Term Loan Act restricts what payday lenders can charge and prohibits them from engaging in certain abusive lending practices.

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California Payday Loan Laws & Legislation State Information. Legal Status: Legal. Citation: Cal. Fin. Code §§ 23000 to 23106. Loan Terms: Maximum Loan Amount: $300

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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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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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