Legal Status of Payday Loans by State, PayDay Loans Consumer Information
Click on your state to learn if payday loans are legal or prohibited and the state law that applies.
States where payday lending is allowed
The page for each state where payday lending is legal gives the key cost of loan terms under state law. Look for the cost of a payday loan in dollars and annual interest rate for a 14-day $100 loan. Each page lists the maximum number of loans a consumer can have, any limits on loan renewals and requirements for extended repayment plans. Collection limits spell out the fees lenders can charge if the loan is not repaid and whether the lender can use or threaten criminal action if a borrower is unable to make good on the check used to get a loan.
States where payday lending is prohibited
In states that still have small loan rate caps or usury laws, the state page gives the citation for the law that limits rates, and the small loan rate cap.
Contact Information for State Regulators
All state pages list the state payday loan or small loan regulator, contact information and web site. Links to state complaint forms, instructions for filing complaints, and information about payday loans are provided if available. . . .