Please note that the different services provided by PaydayLoansintheUSA.com come free of cost. For matching you with the payday lenders in our network, we don’t charge you any fee as such. Please note that, we at, PaydayLoansintheUSA.com, don’t provide any sort of loans and when it comes to the terms or rates of the lenders, we don’t have any say. Our job is to take information from your end and thereby make it easy for you to find a lender which suits your requirements in the best possible way.
When you are matched with a specific lender and your loan gets approved, the interest rates and fees to be incurred by you during repayment will be informed to you. This is mandatory for every lender which falls under the Truth in Lending Act. When you agree with that, the lender will be redirecting you to a page with e-signature details. Your loan, after that, will be processed.
Disclosure of Terms
Once your loan is approved, the lender will give you a document outlining all the terms associated with the loan that is being offered to you. It will contain detailed information on the fees and rates as well. It is extremely important for you to review this document carefully before you actually decide to go ahead. If you agree with the terms, you will be redirected to a page where you will be asked to provide an e-signature.
Please note that we cannot be held responsible for the terms provided to you as any decision regarding the terms, rates or fees is made by the lender. We only work to match you with the lender and we don’t possess any information on the terms. If you don’t feel comfortable with the terms provided to you, please feel free to reject that loan offer and move to a different lender.
Consequences of sending Late Payments
The policies in case of late payments vary from one lender to another. Before you take a loan, you will be given all the information that is required when it comes to late payment effects. It is important for you to understand the policies in a complete manner before you actually opt for the loan. There are state specific rules & regulations as well and the payday loan lenders have to follow those while deciding on the late payment fees.
Consequences of Non-Payment
In case you are not able to make the loan payment, you will have to pay additional fees. We, at PaydayLoansintheUSA.com, try to choose lenders which use legal and fair collection actions while trying to rectify an unpaid loan. However, you are advised to check the laws of your state when it comes to defaulting on a loan payment to have better idea on this.
Please note that certain lenders part of our network will automatically roll over your loan for a term of 2 weeks in case of non-payment of the loan. However, fees for renewing a loan may vary depending on the lender from which you borrow. However, this can turn out to be as much as the initial amount that you took as loan.
Please note that we always urge the lenders part of our network to abide by the rules and regulations of financial transactions. On the other hand, if you don’t pay back the payday loan, your credit history will be impacted negatively.
Renewal Policy and Associated Terms
If you extend the repayment period, be sure that you need to pay extra interests. There can be late fees too and all of these combined will increase the total repayable amount on your actual loan amount. Remember that the loan renewal policies are usually under the governance of the respective state governments. So, please make yourself aware of the loan renewal policies of the state where you reside and also read through the terms of the lender before you actually sign the loan contract.
State
There are certain states which don’t have any specific rules when it comes to the payday loans. Certain states don’t need the lenders to comply with the interest rates either, such as: New Jersey, West Virginia, Maryland, Connecticut, Vermont, Pennsylvania and Massachusetts. Pre-existing cash loans, on the other hand, are allowed in both Arizona and North Carolina.
Maximum Payday Loan Term 31 days
Maximum Finance Charges and Fees 17.5% interest per $100, plus $10 origination fee, plus 3% interest to accrue after initial loan period
Maximum Loan Amount 500
Number of Rollovers One
Outstanding Loans Allowed at Once One per lender
Cool-Off Period NULL24 hours, but only after second payday loan and only if they were paid in full
Payment Plan Voluntary payment plan of 4 equal monthly installments of entire loan balance plus all fees
Collection Fees $30 NSF Fee
Presentment Limit One
Private Right Of Action Civil
Military Protection N/A
Penalties Arbitration and attorney fees
Maximum Payday Loan Term None
Maximum Finance Charges and Fees Interest capped at 15%, $20 finance charge, less than $15 per $100 for origination fees
Maximum Loan Amount 500
Number of Rollovers Two
Outstanding Loans Allowed at Once N/A
Cool-Off Period None
Payment Plan Yes, agreed upon with lender
Collection Fees $30 NSF Fee
Presentment Limit One
Private Right Of Action Civil
Military Protection N/A
Penalties Court costs of up to $700 over the cost of the loan
Maximum Payday Loan Term N/A
Maximum Finance Charges and Fees Small Loans Capped at 36% total APR plus limited fees
Maximum Loan Amount N/A
Number of Rollovers None
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees $25 NSF fee and late fees
Presentment Limit N/A
Private Right Of Action Civil
Military Protection None
Penalties Arbitration and attorney fees
Maximum Payday Loan Term N/A
Maximum Finance Charges and Fees Small loan interest rates cannot exceed more than 5% above the Federal Reserve Discount Rate, or about 36%.
Maximum Loan Amount N/A
Number of Rollovers None
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees NSF and late fees
Presentment Limit One
Private Right Of Action Civil
Military Protection None
Penalties Arbitration and attorney fees
Maximum Payday Loan Term 31 days
Maximum Finance Charges and Fees 15% of the loan value, up to $45
Maximum Loan Amount 300
Number of Rollovers None (cannot charge fee for extension)
Outstanding Loans Allowed at Once One
Cool-Off Period N/A
Payment Plan N/A
Collection Fees $15 NSF fee
Presentment Limit N/A
Private Right Of Action Not specified
Military Protection Additional fee restrictions may apply to service members or their dependents
Penalties Civil fines, suspension or revocations of license, cease and desist order, criminal
Maximum Payday Loan Term 6 months
Maximum Finance Charges and Fees $75 Origination Fees, Monthly Fee of $7.50 per $100 borrowed or $30 max, and 45% APR
Maximum Loan Amount 500
Number of Rollovers One
Outstanding Loans Allowed at Once One
Cool-Off Period 10 Days After 6 Month Loan
Payment Plan 6 Months
Collection Fees Not more than total amount borrowed, plus origination, interest, and monthly maintenance for duration of loan, and one time $25 NSF fee
Presentment Limit One
Private Right Of Action Civil
Military Protection Military members are eligible to borrow
Penalties NSF fees plus arbitration or attorney fees
Maximum Payday Loan Term N/A
Maximum Finance Charges and Fees 30.3% interest on small loans
Maximum Loan Amount N/A
Number of Rollovers None
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees NSF and late fees
Presentment Limit One
Private Right Of Action Civil
Military Protection None
Penalties Arbitration and attorney fees
Maximum Payday Loan Term 60 days
Maximum Finance Charges and Fees No Limit
Maximum Loan Amount 500
Number of Rollovers Four
Outstanding Loans Allowed at Once No limit, but no more than $1000 in payday loans at any given time
Cool-Off Period N/A
Payment Plan Discuss with your lender
Collection Fees N/A
Presentment Limit None
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Arbitration, attorney fees, and entire cost of loan including fees
Maximum Payday Loan Term 31 days
Maximum Finance Charges and Fees Interest rates are 10%, finance charges are 15%, verification fees, and APR can hit 390%
Maximum Loan Amount 500
Number of Rollovers None
Outstanding Loans Allowed at Once One
Cool-Off Period Mandatory 24 hours between loans
Payment Plan Law allows for payment plans, but terms are at discretion of lender
Collection Fees NSF and late fees
Presentment Limit One
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term N/A
Maximum Finance Charges and Fees Interest capped at 16% per year
Maximum Loan Amount N/A
Number of Rollovers None
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees N/A
Presentment Limit N/A
Private Right Of Action Civil
Military Protection N/A
Penalties Arbitration and attorney fees
Maximum Payday Loan Term 32 days
Maximum Finance Charges and Fees Interest rate cannot pass 15% of loan total, with finance charges of $17.65 per $100 borrowed for 14 day loans
Maximum Loan Amount 600
Number of Rollovers None
Outstanding Loans Allowed at Once One
Cool-Off Period N/A
Payment Plan N/A
Collection Fees One $20 NSF fee
Presentment Limit One
Private Right Of Action Civil
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term Not specified
Maximum Finance Charges and Fees Not specified
Maximum Loan Amount 1000
Number of Rollovers N/A
Outstanding Loans Allowed at Once Three
Cool-Off Period N/A
Payment Plan N/A
Collection Fees One time $20 NSF fee, plus up to 12% interest on unpaid debt
Presentment Limit One
Private Right Of Action Civil
Military Protection N/A
Penalties Attorney fees, plus total cost of loan
Maximum Payday Loan Term 45 days
Maximum Finance Charges and Fees No more than $15.50 charged per $100, and maximum APR set at 99%
Maximum Loan Amount No more than 22.5% of the borrowers gross monthly income
Number of Rollovers None
Outstanding Loans Allowed at Once Two
Cool-Off Period 7 days
Payment Plan 60 day repayment plan
Collection Fees $20 NSF fee
Presentment Limit One
Private Right Of Action Civil
Military Protection N/A
Penalties Total cost of loan
Maximum Payday Loan Term 14 days
Maximum Finance Charges and Fees Sliding scale interest 15% for loans up to $250, 13% for $251-400, 10% for $410-550, finance charges of $15 on $100
Maximum Loan Amount $500, but not to exceed 20% of borrowers gross monthly income
Number of Rollovers None
Outstanding Loans Allowed at Once Two
Cool-Off Period 7 days after 6 consecutive loans
Payment Plan Yes, for economic hardship (Lender must offer a 4 part equal installment payment plan for anyone after 3 consecutive loans.)
Collection Fees One-time $20 NSF fee, plus other collection fees
Presentment Limit One
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term 31 days
Maximum Finance Charges and Fees Sliding scale interest of 15% for up to $100, then an additional $10 for every $100 borrowed after the inital $100; finance charges up to $16.67 for a $100 on a 14 day loan
Maximum Loan Amount 500
Number of Rollovers None
Outstanding Loans Allowed at Once Two
Cool-Off Period N/A
Payment Plan N/A
Collection Fees $15 NSF fee
Presentment Limit One
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term 30 days
Maximum Finance Charges and Fees 15% interest, with a $15 finance charge for $100
Maximum Loan Amount 500
Number of Rollovers None
Outstanding Loans Allowed at Once Two
Cool-Off Period N/A
Payment Plan N/A
Collection Fees NSF fee
Presentment Limit One
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term 60 days
Maximum Finance Charges and Fees Interest rate cannot be higher than 15%, finance charges cannot exceed $17.65 per $100
Maximum Loan Amount 500
Number of Rollovers None
Outstanding Loans Allowed at Once Two
Cool-Off Period None
Payment Plan Yes, 4 part equal installments
Collection Fees NSF fee
Presentment Limit One
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term 60 days
Maximum Finance Charges and Fees Documentation fee of $5, $45 dollors or 16.75% of loan check, 36% per annum interest for first 1 to 12 months of default period; finance charge $25 for each $100
Maximum Loan Amount 350
Number of Rollovers None
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees One time NSF fee + $25 or 5% of loan for late charge
Presentment Limit One
Private Right Of Action Civil
Military Protection N/A
Penalties Court costs and reasonable attorney fees
Maximum Payday Loan Term N/A
Maximum Finance Charges and Fees 30% total interest cap on loans up to $2000, $15 for amounts $75-249, and $25 for amounts $250 or more
Maximum Loan Amount N/A
Number of Rollovers N/A
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees N/A
Presentment Limit N/A
Private Right Of Action Civil
Military Protection N/A
Penalties Attorney fees, court costs, and all loan costs
Maximum Payday Loan Term N/A
Maximum Finance Charges and Fees 2.75% total interest per month or 33% total interest per year
Maximum Loan Amount N/A
Number of Rollovers N/A
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees N/A
Presentment Limit N/A
Private Right Of Action Civil
Military Protection N/A
Penalties N/A
Maximum Payday Loan Term N/A
Maximum Finance Charges and Fees APR cap at 23% plus $20 fee
Maximum Loan Amount N/A
Number of Rollovers N/A
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees N/A
Presentment Limit N/A
Private Right Of Action Civil
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term 31 days
Maximum Finance Charges and Fees Interest rate is a sliding scale that adjusts according to each $100 borrowed (1st $100 - 15%, 2nd $100 - 14%, 3rd $100 - 13%, 4th $100 - 12%, 5th $100 - 11%, and 6th $100 - 11%); $15 finance charge for $100 and additional verification fees can apply
Maximum Loan Amount 600
Number of Rollovers N/A
Outstanding Loans Allowed at Once One per lender
Cool-Off Period N/A
Payment Plan Available to those demonstrating economic hardship
Collection Fees NSF fee
Presentment Limit One
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Not specified
Maximum Payday Loan Term 30 days
Maximum Finance Charges and Fees Fees based on sliding scale-$5.50 for loans up to $50, 10% plus $5 fee for loans $51-100, 7% plus $5 fee for loans $101-250, and 6% plus $5 fee for loans $251-350; additional monthly default fees of 2.75% can apply
Maximum Loan Amount 350
Number of Rollovers None
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees $30 NSF fee
Presentment Limit One
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term 30 days
Maximum Finance Charges and Fees Interest is capped at 18% of the check amount, plus finance charges of $22 on a $100 loan
Maximum Loan Amount 400
Number of Rollovers None
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees $20 NSF fee
Presentment Limit One
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term 31 days
Maximum Finance Charges and Fees Fees and interest can total up to 75% per loan, or $75 per $100
Maximum Loan Amount 500
Number of Rollovers Six
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees $30 NSF fee
Presentment Limit One
Private Right Of Action Civil
Military Protection N/A
Penalties Court costs and reasonable attorney fees
Maximum Payday Loan Term 31 days
Maximum Finance Charges and Fees 36% APR
Maximum Loan Amount 300
Number of Rollovers None
Outstanding Loans Allowed at Once Two
Cool-Off Period Two days
Payment Plan N/A
Collection Fees $30 NSF fee
Presentment Limit One
Private Right Of Action Civil
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term 31 days
Maximum Finance Charges and Fees Interest cannout amount to higher than $15 per $100 borrowed, plus $17.65 finance charge on $100
Maximum Loan Amount 500
Number of Rollovers None
Outstanding Loans Allowed at Once Two
Cool-Off Period N/A
Payment Plan N/A
Collection Fees $15 NSF fee
Presentment Limit One
Private Right Of Action Civil
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term N/A
Maximum Finance Charges and Fees N/A
Maximum Loan Amount No more than 25% of the borrower's gross monthly income
Number of Rollovers N/A
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees N/A
Presentment Limit N/A
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term 30 days
Maximum Finance Charges and Fees 36% APR
Maximum Loan Amount 500
Number of Rollovers None
Outstanding Loans Allowed at Once One
Cool-Off Period N/A
Payment Plan N/A
Collection Fees NSF fee
Presentment Limit N/A
Private Right Of Action Civil
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term N/A
Maximum Finance Charges and Fees N/A
Maximum Loan Amount N/A
Number of Rollovers N/A
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees N/A
Presentment Limit N/A
Private Right Of Action N/A
Military Protection N/A
Penalties N/A
Maximum Payday Loan Term 35 days
Maximum Finance Charges and Fees $15.50 per $100 borrowed, plus $0.50 verification fees
Maximum Loan Amount No more than 25% of the borrower's gross monthly income
Number of Rollovers None
Outstanding Loans Allowed at Once N/A
Cool-Off Period 10 days between loans
Payment Plan Yes, a no-cost 130 day plan if you cannot afford to repay
Collection Fees $15 NSF fee
Presentment Limit One
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Arbitration and attorney fees
Maximum Payday Loan Term N/A
Maximum Finance Charges and Fees 0,16
Maximum Loan Amount N/A
Number of Rollovers N/A
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees N/A
Presentment Limit N/A
Private Right Of Action N/A
Military Protection N/A
Penalties N/A
Maximum Payday Loan Term N/A
Maximum Finance Charges and Fees 36% APR
Maximum Loan Amount N/A
Number of Rollovers N/A
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees N/A
Presentment Limit N/A
Private Right Of Action Civil
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term 60 days
Maximum Finance Charges and Fees Interest rate cap at 20%, $20 per $100 borrowed for finance charges
Maximum Loan Amount 500
Number of Rollovers None
Outstanding Loans Allowed at Once N/A
Cool-Off Period 3 days between loans
Payment Plan N/A
Collection Fees $20 NSF fee
Presentment Limit One
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term 31 days
Maximum Finance Charges and Fees 28% APR for payday loans, $1.08 per $100 in finance charges
Maximum Loan Amount 500
Number of Rollovers None
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan 60 day plan available
Collection Fees $20 NSF fee
Presentment Limit N/A
Private Right Of Action Civil
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term 45 days
Maximum Finance Charges and Fees Interest cannot be higher than 15% for loans up to $300 and no more than 10% for loans ranging $301-500. Finance charges can be as high as $15 per $100.
Maximum Loan Amount 500
Number of Rollovers None
Outstanding Loans Allowed at Once Two
Cool-Off Period Must wait till 2nd business day after completion of 5th consecutive loan before borrowing again.
Payment Plan Yes, if you show economic hardship. Terms determined by your lender.
Collection Fees $25 NSF fee
Presentment Limit One
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term 60 days
Maximum Finance Charges and Fees 36% APR
Maximum Loan Amount No more than 30% of the borrower's gross monthly income
Number of Rollovers Two
Outstanding Loans Allowed at Once One
Cool-Off Period 7 days
Payment Plan N/A
Collection Fees $20 NSF fee
Presentment Limit One
Private Right Of Action Civil
Military Protection N/A
Penalties N/A
Maximum Payday Loan Term N/A
Maximum Finance Charges and Fees 26% APR
Maximum Loan Amount N/A
Number of Rollovers N/A
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees N/A
Presentment Limit One
Private Right Of Action Civil
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term Not specified, minimum is set at 14 days
Maximum Finance Charges and Fees Interest rate up to 15%, finance charge of $15 for $100
Maximum Loan Amount 500
Number of Rollovers One
Outstanding Loans Allowed at Once 3, cannot aggregate to more than $500
Cool-Off Period N/A
Payment Plan N/A
Collection Fees Not specified
Presentment Limit Not specified
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term 32 days
Maximum Finance Charges and Fees 15% per $100, plus additional finance charges and origination fees
Maximum Loan Amount 550
Number of Rollovers None
Outstanding Loans Allowed at Once One
Cool-Off Period N/A
Payment Plan Mandatory payment plans for individuals who cannot afford to repay their loan; lenders must factor in borrower's ability to repay
Collection Fees $10 NSF fee
Presentment Limit One
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term N/A
Maximum Finance Charges and Fees N/A
Maximum Loan Amount 500
Number of Rollovers Four
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees N/A
Presentment Limit N/A
Private Right Of Action N/A
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term 31 days
Maximum Finance Charges and Fees 15% interest rate, up to $17.65 finance charge on $100
Maximum Loan Amount 500
Number of Rollovers None
Outstanding Loans Allowed at Once Three
Cool-Off Period N/A
Payment Plan N/A
Collection Fees $30 NSF Fee
Presentment Limit One
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection Civil
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term 31 days
Maximum Finance Charges and Fees Finance charge of $12 per $100 borrowed for a 14 day loan, 48% interest, plus $10 loan fee
Maximum Loan Amount Not stated, but most lenders cap around $500
Number of Rollovers None
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees N/A
Presentment Limit N/A
Private Right Of Action Civil
Military Protection N/A
Penalties N/A
Maximum Payday Loan Term 14 days
Maximum Finance Charges and Fees Not specified
Maximum Loan Amount Not specified
Number of Rollovers Not specified, but borrower must wait 12 weeks from date of loan
Outstanding Loans Allowed at Once N/A
Cool-Off Period None, and borrowers can rescind loan up till 5pm on the next business day following original loan date
Payment Plan Lender must offer 4 par equal installment payment plan to anyone unable to repay; lender only must do this one per year per customer
Collection Fees Lender must offer 4 par equal installment payment plan to anyone unable to repay; lender only must do this one per year per customer
Presentment Limit N/A
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term N/A
Maximum Finance Charges and Fees 18% APR
Maximum Loan Amount N/A
Number of Rollovers N/A
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees N/A
Presentment Limit N/A
Private Right Of Action Civil
Military Protection N/A
Penalties Arbitration, attorney fees, and reasonable loan costs
Maximum Payday Loan Term Not specified, minimum is set at 14 days
Maximum Finance Charges and Fees 36% interest, 20% finance fee per $100, and $5 verification fee; other charges, such as late payment fees
Maximum Loan Amount 500
Number of Rollovers None
Outstanding Loans Allowed at Once One
Cool-Off Period 1 day after completed payment of a prior loan or 90 days after completion of a payment plan
Payment Plan Once per year you may acquire a 4 part equal installment payment plan
Collection Fees $25 NSF fee
Presentment Limit One, by check only
Private Right Of Action Civil
Military Protection Prohibited
Penalties Court costs and reasonable attorney fees
Maximum Payday Loan Term 45 days
Maximum Finance Charges and Fees 15% interest on loans up to $500 and then 10% on remaining loan amount from $501-700. Finance charges up to $15 on $100.
Maximum Loan Amount $700 or 30% of borrower's gross monthly income, whichever is less.
Number of Rollovers None
Outstanding Loans Allowed at Once 8 loans per year, but not at the same time.
Cool-Off Period N/A
Payment Plan Payment plans permitted for those who cannot afford to repay and lenders cannot charge additional fees on repayment plan.
Collection Fees $25 NSF fee
Presentment Limit One
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Reasonable court costs and attorney fees, plus all loan costs
Maximum Payday Loan Term N/A
Maximum Finance Charges and Fees 31% APR
Maximum Loan Amount N/A
Number of Rollovers N/A
Outstanding Loans Allowed at Once N/A
Cool-Off Period N/A
Payment Plan N/A
Collection Fees N/A
Presentment Limit N/A
Private Right Of Action N/A
Military Protection N/A
Penalties Arbitration, attorney fees, and all loan costs including late fees
Maximum Payday Loan Term Not specified
Maximum Finance Charges and Fees Not specified
Maximum Loan Amount No more than $1,500 or 35% of borrower's gross monthly income
Number of Rollovers One
Outstanding Loans Allowed at Once Not specified
Cool-Off Period Not specified, but borrower's have till 5pm the business day following the day of borrowing to rescind
Payment Plan N/A
Collection Fees $30 NSF Fee
Presentment Limit One
Private Right Of Action Civil and criminal charges for fraudulent checks
Military Protection N/A
Penalties Reasonable court costs and attorney fees, plus all loan costs
Maximum Payday Loan Term 1 full calendar month
Maximum Finance Charges and Fees The greater of $30 or 20% of the total amount of the check
Maximum Loan Amount N/A
Number of Rollovers N/A
Outstanding Loans Allowed at Once One
Cool-Off Period None
Payment Plan None
Collection Fees No limits
Presentment Limit None
Private Right Of Action Not specified
Military Protection Additional fee restrictions may apply to service members or their dependents
Penalties Civil fines, suspension or revocations of license; cease and desist order; criminal
