State-by-State Loan Regulation Guide


AL

If loans are not available where you reside, use our ALABAMA page to find local lenders, check cashing and other financial services, if available.

Alabama State Information

Legal Status: Legal

Citation:
Ala. Code §§ 5-18A-1 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: 10-31 days
Maximum Finance Rate and Fees: 17.50%; 3%/month after default
Finance Charge for 14-day $100 loan: $17.50
APR for 14-day $100 loan: 456.25%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: None (max $ amount of loans at one time: $500)
Rollovers Permitted: One (rollover)
Cooling-off Period: Next business day after 2 continuous loans repaid
Repayment Plan: Yes (Four equal monthly installments)

Collection Limits:
Collection Fees: One $30 NSF fee; Court Costs; Reasonable Attorney's Fees up to 15% of face amount of check
Criminal Action: Prohibited (Unless check returned due to closed account)

Where to Complain, Get Information:
Regulator: State Banking Department
Address: P.O. Box 4600 Montgomery AL 36103
Phone: (334) 242-3452
Regulator Website

AK

If loans are not available where you reside, use our ALASKA page to find local lenders, check cashing and other financial services, if available.

Alaska State Information

Legal Status: Legal

Citation:
Alaska Stat. §§ 06.50.010 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Min: 14 days
Maximum Finance Rate and Fees: $5 + the lesser of $15 per $100 or 15%
Finance Charge for 14-day $100 loan: $20
APR for 14-day $100 loan: 520%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: Two (renewals)
Cooling-off Period:
Repayment Plan: Yes (Up to 6 months; no extra fees; must pay 5% of balance due when plan signed.)

Collection Limits:
Collection Fees: $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)

Where to Complain, Get Information:
Regulator: Alaska Division of Banking and Securities
Address: P.O. Box 110807 Juneau AK 99811
Phone: (888) 925-2521
Fax: (907) 465-2549
Regulator Website

AZ

If loans are not available where you reside, use our ARIZONA page to find local lenders, check cashing and other financial services, if available.

Arizona State Information

Legal Status: Prohibited

Citation:
Consumer Lenders Act applies. Ariz. Rev. Stat. Ann. §§ 6-601 et seq.

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

Where to Complain, Get Information:
Regulator: Arizona Department of Financial Institutions
Address: Financial Enterprises Division, 2910 N. 44th Street, Suite 310 Phoenix AZ 85018
Phone: (800) 544-0708
Fax: (602) 381-1225
Regulator Website

AR

If loans are not available where you reside, use our ARKANSAS page to find local lenders, check cashing and other financial services, if available.

Arkansas State Information

Legal Status: Prohibited (Check Casher Act, Ark. Code Ann. 23-52-101 et. Seq., repealed 2011)

Citation: Usury cap in Arkansas Constitution applies. Ark. Const. Amend. 89 § 3.

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

Where to Complain, Get Information:

Regulator: Arkansas Attorney General

Office of the Attorney General
323 Center Street, Suite 200
Little Rock, Arkansas 72201

Phone: (501) 682 2007; 1-800-482-8982

Regulator Website

CA

If loans are not available where you reside, use our CALIFORNIA page to find local lenders, check cashing and other financial services, if available.

California State Information

Legal Status: Legal

Citation:
Cal. Fin. Code §§ 23000 to 23106

Loan Terms:
Maximum Loan Amount: $255 if maximum fee charged ($300 maximum check)
Loan Term: Max: 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%

Debt Limits:
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 repayment extension)

Collection Limits:
Collection Fees: $15 NSF fee
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: California Department of Corporations
Address: Financial Services Division, 1515 K Street, Suite 200 Sacramento CA 95814
Phone: (866) 275-2677
Regulator Website

CO

If loans are not available where you reside, use our COLORADO page to find local lenders, check cashing and other financial services, if available.

Colorado State Information

Legal Status: Legal (Lower Cost)

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

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Min: 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

Debt Limits:
Maximum Number of Outstanding Loans at One Time: No limit if total debt does not exceed $500 and 30-days between loans
Rollovers Permitted: One renewal at 45% interest allowed.
Repayment Plan:

Collection Limits:
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)

Where to Complain, Get Information:
Regulator: Colorado Office of the Attorney General
Address: 1300 Broadway, 10th Floor, Denver, CO 80203
Phone: 720-508-6000
Fax: 720-508-6030
Regulator Website

CT

If loans are not available where you reside, use our CONNECTICUT page to find local lenders, check cashing and other financial services, if available.

Connecticut State Information

Legal Status: Prohibited

Citation:
Usury act applies or small loan act applies. Conn. Gen. Stat. §§ 36a-563 et seq.

Small Loan Rate Cap
30.03% APR or $17 per $100 up to $600; $11 per $100 up to $1,800; add-on interest

Where to Complain, Get Information:
Regulator: Connecticut Department of Banking
Address: 260 Constitution Plaza Hartford CT 06103
Phone: (860) 240-8299
Fax: (860) 240-8167
Regulator Website

DE

If loans are not available where you reside, use our DELAWARE page to find local lenders, check cashing and other financial services, if available.

Delaware State Information

Legal Status: Legal

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

Loan Terms:
Maximum Loan Amount: $1000
Loan Term: Less than 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 Limitin

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Limit of five loans from all licensees in 12-month period.
Rollovers Permitted: Four (rollovers)
Cooling-off Period:
Repayment Plan: Voluntary workout agreements.  Equal installments, minimum 90 days, no fees or interest

Collection Limits:
Collection Fees: One fee for nonpayment if the contract so provides, not to exceed 5% of the payment amount. Attorney fees and court costs
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Delaware Office of the State Bank Commissioner
Address: 555 E. Loockerman Street Suite 210 Dover DE 19901
Phone: (302) 739-4235
Phone: (302) 577-6722 (from New Castle County)
Fax: (302) 739-3609
Regulator Website

FL

If loans are not available where you reside, use our FLORIDA page to find local lenders, check cashing and other financial services, if available.

Florida State Information

Legal Status: Legal

Citation:
Fl. Stat. Ann. §§ 560.402 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: 7-31 days
Maximum Finance Rate and Fees: 10% of check + verification fee not to exceed $5
Finance Charge for 14-day $100 loan: $16.11
APR for 14-day $100 loan: 419%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot rollover)
Cooling-off Period: 24 hours
Repayment Plan: Yes. Grace period extends term 60 days, no additional charge.  Credit counselling required.

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

Where to Complain, Get Information:
Regulator: Florida Office of Financial Regulation
Address: Florida Office of Financial Regulation, 200 E. Gaines Street Tallahassee FL 32399
Phone: (850) 410-9805
Fax: (850) 410-9748
Regulator Website

GA

If loans are not available where you reside, use our GEORGIA page to find local lenders, check cashing and other financial services, if available.

Georgia State Information

Legal Status: Prohibited

Citation:
Ga. Code Ann. §§ 16-17-1 et seq.

Small Loan Rate Cap (Industrial Loan Act)
60% per year usury cap

Where to Complain, Get Information:
Regulator: Georgia Office of the Commissioner of Insurance
Address: Two Martin Luther King, Jr. Drive West Tower, Suite 704 Atlanta GA 30334
Phone: (404) 656-2070
Fax: (404) 657-8542
Regulator Website

HI

If loans are not available where you reside, use our HAWAII page to find local lenders, check cashing and other financial services, if available.

Hawaii State Information

Legal Status: Legal (Applies to check cashers only)

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

Loan Terms:
Maximum Loan Amount: $600 face amount of check
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%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance or consolidate)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: $20 NSF fee; Check Casher that accepts check passed on insufficient funds not entitled to recover damages
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Hawaii Department of Commerce and Consumer Affairs
Address: (Main Building) United States Post Office Custom House and Court House, 335 Merchant Street, Honolulu, Hawaii 96813
Phone: (808) 587-3222
Regulator Website

ID

If loans are not available where you reside, use our IDAHO page to find local lenders, check cashing and other financial services, if available.

Idaho State Information

Legal Status: Legal

Citation:
Idaho Code §§ 28-46-401 et seq.

Loan Terms:
Maximum Loan Amount: $1000. Loan cannot exceed 25% of gross monthly income of borrower.
Loan Term: Not Specified
Maximum Finance Rate and Fees: Not Specified
Finance Charge for 14-day $100 loan:
APR for 14-day $100 loan: No Limit

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified ($1000 aggregate loans outstanding to all licensees)
Rollovers Permitted: Three (renewals)
Cooling-off Period:
Repayment Plan: Yes.  Available once in 12 months.  At least four equal payments over at least 60 days, no fees.

Collection Limits:
Collection Fees: $20 NSF fee. Limit of two electronic presentments of borrower’s check
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Idaho Department of Finance
Address: Idaho Department of Finance, 800 Park Blvd., Suite 200, Boise ID 83712
Phone: (208) 332-8000
Regulator Website

IL

If loans are not available where you reside, use our ILLINOIS page to find local lenders, check cashing and other financial services, if available.

Illinois State Information

Legal Status: Legal

Citation:
815 ILCS 122 et seq.

Loan Terms:
Maximum Loan Amount: lesser of $1000 or 25% gross monthly income.  Payday installment loan lesser of 22.5% gross monthly income or $1,000.
Loan Term: 13 to 120 days. Payday installment loans 112 to 180 day terms.
Maximum Finance Rate and Fees: $15.50 per $100, plus a $1 verification fee
Finance Charge for 14-day $100 loan: $15.50
APR for 14-day $100 loan: 403%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot rollover). Payday installment loan can be refinanced one time during term.
Cooling-off Period: 7 days after 45 consecutive loan days. Payday installment loan max 180 days in debt.
Repayment Plan: Yes. After 35 days, if payday loan unpaid, right to at least 55 days to repay in installments with no added cost.

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

Where to Complain, Get Information:
Regulator: Illinois Division of Financial Institutions
Address: 320 West Washington, 3rd Floor, Springfield, IL 62786
Phone: (888) 473-4858
Regulator Website

IN

If loans are not available where you reside, use our INDIANA page to find local lenders, check cashing and other financial services, if available.

Indiana State Information

Legal Status: Legal

Citation:
Ind. Cod§§ 24-4-4.5-7-101 et seq.

Loan Terms:
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
Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390%

Debt Limits:
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 over at least 60 days at no additional cost

Collection Limits:
Collection Fees: One $25 NSF fee. May present check or attempt to debit account up to three times.
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Indiana Department of Financial Institutions
Address: 30 South Meridian Street, Suite 300 Indianapolis IN 46204
Phone: (800) 382-4880
Regulator Website

IA

If loans are not available where you reside, use our IOWA page to find local lenders, check cashing and other financial services, if available.

Iowa State Information

Legal Status: Legal

Citation:
Iowa Code Ann. 533D.1 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: $15: $0-$100 on face amount of check; $10 per $100 thereafter
Finance Charge for 14-day $100 loan: $16.67
APR for 14-day $100 loan: 433%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two, $500 total debt
Rollovers Permitted: None (cannot repay, refinance or consolidate)
Cooling-off Period:
Repayment Plan:

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

Where to Complain, Get Information:
Regulator: Iowa Division of Banking
Address: Iowa Division of Banking, 200 East Grand Avenue, Suite 300 Des Moines IA 50309
Phone: (515) 281-4014
Fax: (515) 281-4862
Regulator Website

KS

If loans are not available where you reside, use our KANSAS page to find local lenders, check cashing and other financial services, if available.

Kansas State Information

Legal Status: Legal

Citation:
Kan. Stat. Ann. § 16a-2-404, 405

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

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two. May not make more than three loans to a borrower within 30 day period.
Rollovers Permitted: No
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: One NSF fee
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Office of the State Bank Commissioner
Address: 700 SW Jackson, Suite 300 Topeka KS 66603
Phone: (785) 296-2266
Fax: (785) 296-6037
Regulator Website

KY

If loans are not available where you reside, use our KENTUCKY page to find local lenders, check cashing and other financial services, if available.

Kentucky State Information

Legal Status: Legal (Applies to check cashers only)

Citation:
Kentucky Rev. Stat. Ann. §§ 286.9.010 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: 14-60 days
Maximum Finance Rate and Fees: $15 per $100 on face value of check + $1 database fee
Finance Charge for 14-day $100 loan: $17.65
APR for 14-day $100 loan: 459%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two ($500 aggregate loans outstanding to all licensees)
Rollovers Permitted: None (cannot renew, rollover, or consolidate for a fee)
Cooling-off Period: None
Repayment Plan:

Collection Limits:
Collection Fees: One NSF fee (if disclosed)
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Kentucky Office of Financial Institutions
Address: 1025 Capital Center Drive, Suite 200 Frankfort KY 40601
Phone: (800) 223-2579
Fax: (502) 573-8787
Regulator Website

LA

If loans are not available where you reside, use our LOUISIANA page to find local lenders, check cashing and other financial services, if available.

Louisiana State Information

Legal Status: Legal

Citation:
La. Rev. Stat. Ann. §§ 9:3578.1 et seq.

Loan Terms:
Maximum Loan Amount: $350
Loan Term: 60 days or less
Maximum Finance Rate and Fees: 16.75% of face-value of check, + $10 documentation fee (After default: months 1-12: 36% per year; months 13 and beyond: 18% per year)
Finance Charge for 14-day $100 loan: $30
APR for 14-day $100 loan: 780%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot renew or rollover but licensee may accept partial payment of 25% of amount advanced plus fees and enter into new loan)
Cooling-off Period:
Repayment Plan: Yes, once in a 12-month period.  Four equal installments, no fees or interest.

Collection Limits:
Collection Fees: One NSF fee of actual bank charge (if disclosed) + the greater of $25 or 5% of check (if disclosed); Court Costs; Reasonable Attorney's Fees
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Louisiana Office of Financial Institutions
Address: P.O. Box 94095 Baton Rouge LA 70804
Phone: (225) 925-4660
Fax: (225) 925-4548
Regulator Website

ME

If loans are not available where you reside, use our MAINE page to find local lenders, check cashing and other financial services, if available.

Maine State Information

Legal Status: Legal (Lower Cost)

Citation:
Maine's UCCC applies. Me. Rev. Stat. tit. 9-A § 1-201,  2-401.   32 Me. Rev. Stat. § 6138(4((D) prohibits check cashers from advancing money on a postdated check.  Supervised Lenders are exempt from that ban.

Small Loan Rate Cap
30% per year on amounts up to $2,000 or a fee of $5 for amounts financed up to $75; $15 minimum charge for amounts financed of $75.01-$249.99; or $25 for amounts financed of $250 or more.

Where to Complain, Get Information:
Regulator: Bureau of Consumer Credit Protection
Address: Department of Professional and Financial Regulation, 35 State House Station Augusta ME 04333
Phone: 800-332-8529
Fax: (207) 582-7699
Regulator’s Website

MD

If loans are not available where you reside, use our MARYLAND page to find local lenders, check cashing and other financial services, if available.

Maryland State Information

Legal Status: Prohibited

Citation:
Consumer loan act applies. Md. Code Com. Law § 12-101 et seq.

Small Loan Rate Cap
2.75% per month; 33% per year.

Where to Complain, Get Information:
Regulator: Maryland Commissioner of Financial Regulation
Address: 500 North Calvert Street Suite 401 Baltimore MD 21202
Phone: (410) 230-6100
Fax: (410) 333-3866
Regulator Website

MA

If loans are not available where you reside, use our MASSACHUSETTS page to find local lenders, check cashing and other financial services, if available.

Massachusetts State Information

Legal Status: Prohibited

Citation:
Small loan act applies. Mass. Gen. Laws Ann. ch. 140 §§ 96 et seq.; 209 Mass. Code Regs. 26.01. Check cashers are specifically prohibited from making loans unless licensed under the small loan act. 209 Mass. Code Regs. 45:14(8).

Small Loan Rate Cap
23% plus $20 administrative fee upon the granting of a loan

Where to Complain, Get Information:
Regulator: Massachusetts Division of Banks
Address: 1000 Washington Street, 10th Floor, Boston, MA 02118-6400
Phone: (617) 956-1500
Fax: (617) 956-1599
Regulator Website

MI

If loans are not available where you reside, use our MICHIGAN page to find local lenders, check cashing and other financial services, if available.

Michigan State Information

Legal Status: Legal

Citation:
Mich. Comp. Laws §§ 487.2121 et seq.

Loan Terms:
Maximum Loan Amount: $600
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15% of first $100, 14% of second $100, 13% of third $100, 12% of fourth $100, 11% of fifth $100, 11% of sixth $100 + any database verification fee
Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two, only one with same lender.
Rollovers Permitted: None (cannot renew; lender may extend only if it does not charge a fee)
Cooling-off Period:
Repayment Plan: Yes

Collection Limits:
Collection Fees: One $25 NSF fee
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Department of Insurance and Financial Services
Address: P.O. Box 30220 Lansing MI 48909
Phone: (877) 999-6442
Fax: 517-284-8837
Regulator Website

MN

If loans are not available where you reside, use our MINNESOTA page to find local lenders, check cashing and other financial services, if available.

Minnesota State Information

Legal Status: Legal

Citation:
Minn. Stat. 47.60 et seq.

Loan Terms:
Maximum Loan Amount: $350
Loan Term: Max: 30 days
Maximum Finance Rate and Fees: $5.50: $0-$50; 10%+$5: $51-$100; 7% (min. $10) + $5: $101-$250; 6% (min. $17.50) + $5: $251-$350 (After default: 2.75% per month)
Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot repay with proceeds of another loan by same lender)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: $30 NSF fee
Criminal Action:

Where to Complain, Get Information:
Regulator: Minnesota Department of Commerce
Address: Division of Financial Examinations, 85 7th Place East, Suite 500 St. Paul MN 55101
Phone: (651) 296-2135
Fax: (651) 296-8591
Regulator Website

MS

If loans are not available where you reside, use our MISSISSIPPI page to find local lenders, check cashing and other financial services, if available.

Mississippi State Information

Legal Status: Legal (Applies to check cashers only)

Citation:
Miss. Code Ann. §§ 75-67-501 et seq.

Loan Terms:
Maximum Loan Amount: $500 face value of check
Loan Term: Under $250: maximum of 30 days; $250-$500: 28-30 days
Maximum Finance Rate and Fees: Under $250: $20 per $100 advanced; $250-500: $21.95 per $100 advanced
Finance Charge for 14-day $100 loan: $20
APR for 14-day $100 loan: 520%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified. Maximum $500 in one or more checks.
Rollovers Permitted: None (cannot renew or otherwise extend)
Cooling-off Period:
Repayment Plan: Voluntary

Collection Limits:
Collection Fees: $30 NSF fee; Court-awarded fees (if disclosed)
Criminal Action: Prohibited (When check returned due to NSF)

Where to Complain, Get Information:
Regulator: Mississippi Department of Banking and Consumer Finance
Address: P.O. Box 12129 Jackson, MS 39236-2129
Phone: (601) 321-6901
Fax: (601) 321-6933
Regulator Website

MO

If loans are not available where you reside, use our MISSOURI page to find local lenders, check cashing and other financial services, if available.

Missouri State Information

Legal Status: Legal

Citation:
Mo. Rev. Stat. §§ 408.500.1 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: 14-31 days
Maximum Finance Rate and Fees: Not Specified (No borrower shall be required to pay a total amount of accumulated interest and fees in excess of 75% of the initial loan amount on any single authorized loan for the entire loan term and all authorized renewals. Otherwise, interest is set pursuant to small loan law which provides that parties may set rate by contract.)
Finance Charge for 14-day $100 loan: $75
APR for 14-day $100 loan: 1950%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: No more than $500 to any one lender at one time
Rollovers Permitted: Six (borrower must reduce principal amount of loan by 5% or more upon each renewal)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: NSF fee; Collection costs (including court costs and reasonable attorney's fees) Licensee cannot use a series of ACH transactions to collect a single check.
Criminal Action: Prohibited (Unless check returned due to closed account or stop-payment by maker)

Where to Complain, Get Information:
Regulator: Missouri Division of Finance
Address: Consumer Credit Section, P. O. Box 716 301 W. High Street Jefferson City MO 65102
Phone: (573) 751-3242
Fax: (573) 751-9192
Regulator Website

MT

If loans are not available where you reside, use our MONTANA page to find local lenders, check cashing and other financial services, if available.

Montana State Information

Legal Status: : Prohibited (Usury Cap)

Citation:
Mont. Code Ann. 31-1-701 (Payday Loan Law enacted prior to Ballot Initiative 164 that capped rates at 36% APR remains on the books.)

Loan Terms:
Maximum Loan Amount: $300, up to 25% of monthly net income of borrower
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 36% APR
Finance Charge for 14-day $100 loan: $1.39

Debt Limits:
Maximum Number of Outstanding Loans at One Time:
Rollovers Permitted: No.
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: One $30 NSF fee
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator:
  Division of Banking and Financial Institutions
Address:
301 South Park, Suite 316, Helena, MT 59601
Phone: (406) 841-2920
Fax: (406) 841-2930
Regulator Website

NE

If loans are not available where you reside, use our NEBRASKA page to find local lenders, check cashing and other financial services, if available.

Nebraska State Information

Legal Status: Legal

Citation:
Neb. Stat. Ann. §§ 45-901

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 34 days
Maximum Finance Rate and Fees: $15 per $100 or pro rata for any part thereof on amount of check
Finance Charge for 14-day $100 loan: $17.65
APR for 14-day $100 loan: 459%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot repay, refinance, consolidate)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: $15 NSF fee
Criminal Action:

Where to Complain, Get Information:
Regulator: Nebraska Department of Banking & Finance
Address: 1526 K Street, Suite 300, Lincoln, NE 68508-2732
Phone: (402) 471-2171
Regulator Website

NV

If loans are not available where you reside, use our NEVADA page to find local lenders, check cashing and other financial services, if available.

Nevada State Information

Legal Status: Legal

Citation:
Nev. Rev. Stat. 604A.010 et seq.

Loan Terms:
Maximum Loan Amount: 25% of expected gross monthly income
Loan Term: 35 days
Maximum Finance Rate and Fees: Not Specified (After default: interest rate must be equal to or less than the prime rate at the largest bank in the State of Nevada plus 10 %)
Finance Charge for 14-day $100 loan: No Limit
APR for 14-day $100 loan: No Limit

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: Yes, with proceeds of new loan. (Lenders cannot extend payment period beyond 60 days after expiration of initial loan period)
Cooling-off Period:
Repayment Plan: Yes

Collection Limits:
Collection Fees: $25 dishonored check fee (max. two fees for insufficient funds; max. one fee for closed account); court costs; reasonable attorney's fees; service of process costs
Criminal Action: Prohibited (Unless customer acted with criminal intent)

Where to Complain, Get Information:
Regulator: Nevada Financial Institutions Division
Address: 2785 E. Desert Inn Rd., Suite 180 Las Vegas NV 89121
Phone: (702) 486-4120
Fax: (702) 486-4563
Regulator Website

NH

If loans are not available where you reside, use our NEW HAMPSHIRE page to find local lenders, check cashing and other financial services, if available.

New Hampshire State Information

Legal Status: Prohibited (36% rate cap)

Citation:
N.H. Rev. Stat. Ann. 399-A:1 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: 7-30 days
Maximum Finance Rate and Fees: 36% annual interest
Finance Charge for 14-day $100 loan: $1.38
APR for 14-day $100 loan: 36%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance, renew, extend; borrowers can renew to obtain additional cash but prior loan must be paid in full from proceeds of new loan and marked as such)
Cooling-off Period: 60 days
Repayment Plan:

Collection Limits:
Collection Fees:
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: New Hampshire State Banking Department
Address: 53 Regional Drive, Suite 200 Concord NH 03301
Phone: (603) 271-3561
Fax: (603) 271-0750
Regulator Website

NJ

If loans are not available where you reside, use our NEW JERSEY page to find local lenders, check cashing and other financial services, if available.

New Jersey State Information

Legal Status: Prohibited

Citation:
Consumer loan act applies but rates as agreed to by contract. N.J. Stat. Ann. tit. 17:1 et seq. However, criminal law sets the usury cap at 30%. N.J. Stat. Ann. 2C: 21-19, 17:11C-36(a).   A check cashing licensee cannot cash or advance money on a postdated check. N.J. Stat. Ann. 17:15A-47. 

Small Loan Rate Cap
30% per year

Where to Complain, Get Information:
Regulator: New Jersey Department of Banking and Insurance
Address: 20 West State St. Trenton NJ 08625
Phone: 609-292-7272
Fax: 609-454-8468
Regulator Website

NM

If loans are not available where you reside, use our NEW MEXICO page to find local lenders, check cashing and other financial services, if available.

New Mexico State Information

Legal Status: Legal

Citation:
N.M. Stat. Ann. §§ 58-15-32 to 38

Loan Terms:
Maximum Loan Amount: $2500
Loan Term: 35 days
Maximum Finance Rate and Fees: $15.50 per $100; $.50 verification fee per $100
Finance Charge for 14-day $100 loan: $16
APR for 14-day $100 loan: 416%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Total loans and fees capped at 25% of gross monthly income
Rollovers Permitted: None
Cooling-off Period: 10 days after completion of a payment plan.
Repayment Plan: Yes, equal installments over 130 day period, no additional fees.

Collection Limits:
Collection Fees: $15 NSF fee one time per loan
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: New Mexico Financial Institutions Division
Address: 2550 Cerrillos Road, 3rd Floor Santa Fe NM 87505
Phone: (505)476-4885
Fax: (505) 476-4670
Regulator Website

NY

If loans are not available where you reside, use our NEW YORK page to find local lenders, check cashing and other financial services, if available.

New York State Information

Legal Status: Prohibited

Citation:
Licensed lender law applies but interest rate is that agreed to by contract. N.Y. Banking Law 340 et seq. A check casher licensee cannot make loans nor cash or advance any moneys on a post dated check unless it is a payroll check. N.Y. Banking Law 373. Criminal law sets the usury cap at 25%. N.Y. Penal Code 190.40.

Small Loan Rate Cap
25% per year

Where to Complain, Get Information:
Regulator: New York State Banking Department
Address: One State Street New York NY 10004
Phone: (800) 342-3736
Regulator Website

NC

If loans are not available where you reside, use our NORTH CAROLINA page to find local lenders, check cashing and other financial services, if available.

North Carolina State Information

Legal Status: Prohibited (N.C. Gen. Stat. 53-281 authorizing payday loans allowed to sunset in 2001)

Citation:
The consumer finance act applies. N.C. Gen. Stat. 53-173

Small Loan Rate Cap
36% per year

Where to Complain, Get Information:
Regulator: North Carolina Attorney General (See also Commissioner of Banks)
Address: NC Attorney General's Office 9001 Mail Service Center Raleigh NC 27699-9001
Phone: (919) 716-6400
Fax: (919) 716-6750
Regulator Website

ND

If loans are not available where you reside, use our NORTH DAKOTA page to find local lenders, check cashing and other financial services, if available.

North Dakota State Information

Legal Status: Legal

Citation:
N.D. Cent. Code 13-08-01 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 60 days
Maximum Finance Rate and Fees: 20% + databasing fee
Finance Charge for 14-day $100 loan: $20
APR for 14-day $100 loan: 520%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified ($600 aggregate loans outstanding to all licensees)
Rollovers Permitted: One (renewal fee not to exceed 20% of amount being renewed)
Cooling-off Period: 3 days
Repayment Plan:

Collection Limits:
Collection Fees: $20 NSF fee (if disclosed)
Criminal Action: Prohibited (Unless account was closed on date of original transaction)

Where to Complain, Get Information:
Regulator: North Dakota Department of Financial Institutions
Address: 2000 Schafer Street, Suite G Bismarck ND 58501
Phone: (701) 328-9933
Fax: (701) 328-0290
Regulator Website

OH

If loans are not available where you reside, use our OHIO page to find local lenders, check cashing and other financial services, if available.

Ohio State Information

Legal Status: Legal (Ohio Supreme Court decision that payday loans can be made pursuant to the Ohio Mortgage Lending Act and Ohio Small Loan Act or as credit services organizations results in rates up to 591%.)

Citation:
Ohio Rev. Code Ann. 1321.35 et seq. Short-Term Loan Act (No payday lenders are licensed under this law.)

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Minimum: 31 days
Maximum Finance Rate and Fees: 28% annual interest
Finance Charge for 14-day $100 loan: $1.08
APR for 14-day $100 loan: 28%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One, four per year
Rollovers Permitted: None
Cooling-off Period: 2 loan limit in 90 days
Repayment Plan: Yes, 60 days, no fees

Collection Limits:
Collection Fees: Bank charges (if disclosed); $20 collection charge; Court Costs after default; damages
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Ohio Division of Financial Institutions
Address: 77 South High Street, 21st Floor Columbus OH 43215
Phone: (614) 728-8400
Fax: (614) 728-0380
Regulator Website

OK

If loans are not available where you reside, use our OKLAHOMA page to find local lenders, check cashing and other financial services, if available.

Oklahoma State Information

Legal Status: Legal

Citation:
Okla. Stat. Tit. 59 §§ 3101 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: 12-45 days
Maximum Finance Rate and Fees: $15 per $100: $0-$300;  an additional fee of $10 per $100: $301-$500
Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot renew; a loan made within 13 days after a previous one was entered into shall be considered a renewal and shall not be made)
Cooling-off Period: Second business day after the 5th consecutive loan repaid
Repayment Plan: Yes, after third consecutive loan.  Repayable in four instalments.  Fee of 10% up to $15.

Collection Limits:
Collection Fees: $25 NSF fee (if disclosed) unless dishonored due to theft or forgery
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Oklahoma Department of Consumer Credit
Address: 3615 NW 56th Street, Suite 240, Oklahoma City, Oklahoma 73112-4512
Phone: (405) 521-3653
Fax: (405) 601-7639
Regulator Website

OR

If loans are not available where you reside, use our OREGON page to find local lenders, check cashing and other financial services, if available.

Oregon State Information

Legal Status: Legal (Lower Cost)

Citation:
54 Or. Rev. Stat. § 725A.010 et seq.

Loan Terms:
Maximum Loan Amount: $50,000 (Loan limit up to 25%of borrower’s net monthly income if earns $60,000 per year or less.)
Loan Term: 31 to 60 days
Maximum Finance Rate and Fees: 36% APR interest, one-time $10 per $100 of loan origination fee, up to $30
Finance Charge for 14-day $100 loan: $13 for 31 day loan
APR for 14-day $100 loan: 154% APR for 31 day loan

Debt Limits:
Maximum Number of Outstanding Loans at One Time: No Limit
Rollovers Permitted: Two (renewals)
Cooling-off Period: 7 days after prior loan expires
Repayment Plan:

Collection Limits:
Collection Fees: One $20 NSF fee + additional bank charges 
Criminal Action: None, only civil penalties

Where to Complain, Get Information:
Regulator: Oregon Department of Consumer & Business Services
Address: Division of Financial Regulation, 350 Winter St. NE, Rm. 410 Salem OR 97309
Phone: 866-814-9710 (toll-free)
Fax: 503-947-7862
Regulator Website

PA

If loans are not available where you reside, use our PENNSYLVANIA page to find local lenders, check cashing and other financial services, if available.

Pennsylvania State Information

Legal Status: Prohibited

Citation:
Check cashers are specifically prohibited from making payday loans. 63 Penn Stat. Ann. § 2325. Otherwise, Consumer Discount Company Act applies. 7 Pa. Stat. Ann. §§ 6201 et seq.

Small Loan Rate Cap
$9.50 per $100 per year interest, plus service charge of $1.50 per $50 per year, up to $150 if interest discounted.

Where to Complain, Get Information:
Regulator: Pennsylvania Department of Banking
Address: 17 N. Second Street, Suite 1300 Harrisburg, PA 17101
Phone: (800) 600-0007
Regulator Website

RI

If loans are not available where you reside, use our RHODE ISLAND page to find local lenders, check cashing and other financial services, if available.

Rhode Island State Information

Legal Status: Legal (Applies to check cashers only)

Citation:
R.I. Stat. Ann. 19-14.4-1 et seq.

Loan Terms:
Maximum Loan Amount: $500 face amount of check
Loan Term: Min: 13 days
Maximum Finance Rate and Fees: 10% of funds advanced
Finance Charge for 14-day $100 loan: $10
APR for 14-day $100 loan: 260%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: 3/$500
Rollovers Permitted: One (rollover)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: Not Specified
Criminal Action: Not Specified

Where to Complain, Get Information:
Regulator: Rhode Island Department of Business Regulation
Address: 1511 Pontiac Ave, Cranston, RI 02920
Phone: (401) 462-9500
Fax: (401) 462-9532
Regulator Website

SC

If loans are not available where you reside, use our SOUTH CAROLINA page to find local lenders, check cashing and other financial services, if available.

South Carolina State Information

Legal Status: Legal

Citation:
S.C. Code §§ 34-39-110 et seq.

Loan Terms:
Maximum Loan Amount: $550
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15% of principal
Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One.
Rollovers Permitted: None
Cooling-off Period: 2 days following eighth loan in a calendar year
Repayment Plan: Yes (Once per twelve month period, at least four equal installments, no additional fee)

Collection Limits:
Collection Fees: 
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: South Carolina State Board of Financial Institutions
Address: 3rd Floor, Edgar Brown Building 1205 Pendleton St., Columbia, SC 29201
Phone: (803) 734-2020
Fax: (803) 734-2025
Regulator Website

SD

If loans are not available where you reside, use our SOUTH DAKOTA page to find local lenders, check cashing and other financial services, if available.

South Dakota State Information

Legal Status: Prohibited (Ballot vote on Initiated Measure 21 usury cap, effective Nov. 16, 2016)

Citation:
S.D. Codified Laws 54-4-36 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Not Specified
Maximum Finance Rate and Fees: 36% APR
Finance Charge for 14-day $100 loan: $1.39
APR for 14-day $100 loan: 36%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: Four (licensee can renew, rollover or flip loan if debtor pays outstanding fee each time)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: Not Specified
Criminal Action: Not Specified

Where to Complain, Get Information:
Regulator: South Dakota Division of Banking
Address: 1601 N. Harrison Ave., Suite 1 Pierre, SD 57501
Phone: (605) 773-3421
Fax: (866) 326-7504
Regulator Website

TN

If loans are not available where you reside, use our TENNESSEE page to find local lenders, check cashing and other financial services, if available.

Tennessee State Information

Legal Status: Legal

Citation:
Tenn. Code Ann. 45-17-101 et seq.

Loan Terms:
Maximum Loan Amount: $425 ($500 check)
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15% of the face value of the check

Finance Charge for 14-day $100 loan: $17.65
APR for 14-day $100 loan: 459%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: 3 (2 per licensee) to maximum $500 face value of check/s
Rollovers Permitted: None (cannot renew or otherwise consolidate)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees:  Court Costs
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Tennessee Department of Financial Institutions
Address: 312 Rosa L. Parks Avenue, 26th Floor Nashville, TN 37243
Phone: (615) 741-2236
Regulator Website

TX

If loans are not available where you reside, use our TEXAS page to find local lenders, check cashing and other financial services, if available.

Texas State Information

Legal Status: Legal (Credit Access Businesses)

Citation:
5 Tex. Fin. Code §§ 393 et seq.,  4 Tex. Fin. Code §§ 342.004

Loan Terms:
Maximum Loan Amount: Not specified
Loan Term: Up to 180 days for CAB agreement
Maximum Finance Rate and Fees: No cap on Credit Access Business fees.  Lender interest capped at 10%.
Finance Charge for 14-day $100 loan: No cap.
APR for 14-day $100 loan: No cap.  Regulator reports average cost 410%.

Debt Limits:
Maximum Number of Outstanding Loans at One Time:
Rollovers Permitted: 
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: Late charge greater of 5% of payment or $7.50.  Filing fees and $30NSF fees.
Criminal Action: Prohibited unless fraud or forgery.

Where to Complain, Get Information:
Regulator: Texas Office of Consumer Credit Commissioner
Address: 2601 N. Lamar Blvd., Austin, TX 78705
Phone: (512) 936-7600
Regulator Website

UT

If loans are not available where you reside, use our UTAH page to find local lenders, check cashing and other financial services, if available.

Utah State Information

Legal Status: Legal (Applies to check cashers only)

Citation:
Utah Code Ann. 7-23-101 et seq.

Loan Terms:
Maximum Loan Amount: No Limit
Loan Term: May not exceed 10 weeks
Maximum Finance Rate and Fees: No usury limit
Finance Charge for 14-day $100 loan: No Limit
APR for 14-day $100 loan: No Limit

Debt Limits:
Maximum Number of Outstanding Loans at One Time: No limit
Rollovers Permitted: Not Specified (cannot extend or renew loan more than 10 weeks from original loan date)
Cooling-off Period: 1 day after payment on existing loan
Repayment Plan: Yes (Once per 12 month period; at least 4 equal payments, at least 60 days; no extra fees.)

Collection Limits:
Collection Fees: Not Specified
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Utah Department of Financial Institutions
Address: 324 South State Street, Suite 201 Salt Lake City UT 84111
Phone: (801) 538-8830
Fax: (801) 538-8894
Regulator Website

VT

If loans are not available where you reside, use our VERMONT page to find local lenders, check cashing and other financial services, if available.

Vermont State Information

Legal Status: Prohibited

Citation:
Small loan act applies. Vt. Stat. Ann. tit. 9 § 41a.  Loans based on checks held for future deposit banned by 8 V.S.A.§ 2519(a)(13)

Small Loan Rate Cap
18% per year

Where to Complain, Get Information:
Regulator: Vermont Banking Division
Address: Department of Financial Regulation, 89 Main St., Montpelier, VT 05620 - 3101
Phone: (802) 828-3301
Regulator Website

VA

If loans are not available where you reside, use our VIRGINIA page to find local lenders, check cashing and other financial services, if available.

Virginia State Information

Legal Status: Legal

Citation:
Va. Code Ann. §§ 6.2-1800 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Min: 2 pay periods
Maximum Finance Rate and Fees: 36% annual interest + $5 verification fee + 20% of loan
Finance Charge for 14-day $100 loan: $26.38
APR for 14-day $100 loan: 687.76%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance, renew, or extend)
Cooling-off Period: 1 day after payment; 45 days after 5th loan within 180 day period; 90 days after payment plan
Repayment Plan: Yes (Once per 12 month period; at least four equal installments, at least 60 days, no extra fees.)

Collection Limits:
Collection Fees: $25 NSF fee; Court Costs; Reasonable Attorney's Fees (not to exceed $250)
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Virginia Bureau of Financial Institutions
Address: Tyler Building, 8th floor, 1300 East Main Street, Suite 800, Richmond VA 23219
Phone: 1-800-552-7945
Fax: (804) 371-9416
Regulator Website

WA

If loans are not available where you reside, use our WASHINGTON page to find local lenders, check cashing and other financial services, if available.

Washington State Information

Legal Status: Legal (Lender must have a small loan endorsement to their check casher license)

Citation:
Wash. Rev. Code Ann. 31.45.010 et seq.

Loan Terms:
Maximum Loan Amount: $700 or 30% of gross monthly income, whichever is less
Loan Term: Max: 45 days
Maximum Finance Rate and Fees: 15%: first $500; 10%: remaining portion of the loan in excess of $500 up to the $700 maximum
Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time:
 A company cannot hold a check or checks in an aggregate face amount of more than $700 plus allowable fees from any one borrower at any one time. Maximum 8 loans in 12 months.
Rollovers Permitted:
 None (cannot refinance, renew, extend or pay off loan with proceeds of another)
Cooling-off Period:

Repayment Plan:
 Yes. (Plan is 90 days for debt of $400 or less and at least 180 days for larger debts. No extra fees.)

Collection Limits:
Collection Fees: $25 NSF fee (one time per instrument); collection costs (excluding attorney's fees, interest and damages)
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Washington Department of Financial Institutions
Address: Division of Consumer Services, PO Box 41200 Olympia WA 98504
Phone: (360) 902-8700
Fax: (360) 586-5068
Regulator Website

WV

If loans are not available where you reside, use our WEST VIRGINIA page to find local lenders, check cashing and other financial services, if available.

West Virginia State Information

Legal Status: Prohibited

Citation:
Small loan act applies. W. Va. Code § 46A-4-101 et seq.  Check cashers prohibited from loaning money on check held for future deposit.  §§ 32A-3-1 et seq. 

Small Loan Rate Cap
31% per year on a loan of $2,000 or less

Where to Complain, Get Information:
Regulator: Office of West Virginia Attorney General (see also Consumer Protection Division)
Address: Consumer Protection Division, P.O. Box 1789, Charleston, WV 25326
Phone: (304) 558-8986
Consumer Protection Hotline: 1-800-368-8808
Fax: (304) 558-0184
Regulator Website

WI

If loans are not available where you reside, use our WISCONSIN page to find local lenders, check cashing and other financial services, if available.

Wisconsin State Information

Legal Status: Legal

Citation:
Wis. Stat. 138.14

Loan Terms:
Maximum Loan Amount: Lesser of $1,500 including fees or 35% gross monthly income
Loan Term: 90 days or less
Maximum Finance Rate and Fees: No Limit
Finance Charge for 14-day $100 loan: No Limit
APR for 14-day $100 loan: No Limit

Debt Limits:
Maximum Number of Outstanding Loans at One Time: No Limit
Rollovers Permitted: Yes, one renewal
Cooling-off Period: 24-hours after paying renewed loans
Repayment Plan:  Yes (4 equal installments; one payment plan offer per 12 months.)

Collection Limits:
Collection Fees: $15 NSF fee, check presented once
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Wisconsin Department of Financial Institutions
Address: Wisconsin Consumer Act Section, P.O. Box 8041 Madison WI 53708
Phone: (608) 264-7969  
Fax: (608) 264-7968
Regulator Website

WY

If loans are not available where you reside, use our WYOMING page to find local lenders, check cashing and other financial services, if available.

Wyoming State Information

Legal Status: Legal

Citation:
Wy. Stat. 40-14-362 et seq.

Loan Terms:
Maximum Loan Amount: Not Specified
Maximum Loan Term: 1 calendar month
Maximum Finance Rate and Fees: the greater of 20% per month or $30
Finance Charge for 14-day $100 loan: $30
APR for 14-day $100 loan: 780%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot repay, refinance or consolidate by proceeds of another check)
Cooling-off Period:
Repayment Plan: Yes (Once per 12 month period; at least 4 equal installments; at least 60 days)

Collection Limits:
Collection Fees: No NSF fees or other costs
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Wyoming Division of Banking
Address: Herschler Building, 3rd Floor, 122 West 25th Street, Cheyenne, WY 82002
Phone: (307) 777-7797
Fax: (307) 777-3555
Regulator Website