January 2, 2009
- Payday Loans in Virginia — New Law Now in Effect
The State of Virginia joined a growing list of States with new payday loan regulations with a new law that went into effect on January 1, 2009. The Virginia law is the culmination of 3 years of debate by State legislators. The law limits borrowers to one payday loan at a time, and extends the length of time borrowers have to repay each loan, effectively limiting the number of loans each borrower can receive each year. (…)
November 14, 2008
- Payday Loans in Arizona Suffer a Setback
The payday lending industry took a hit in Arizona in the Fall elections. A bill that would have extended the payday loan enabling laws in Arizona was defated by a wide margin.
September 9, 2008
- Payday Loans in Utah
Payday loans are governed by both federal and Utah state law. Under federal law, all Payday Lenders must comply with Regulation Z of the Truth-in-Lending Act. (…)
- Payday Loans in Nevada
Payday loans are governed by both federal and Nevada state law. Under federal law, all Payday Lenders must comply with Regulation Z of the Truth-in-Lending Act. (…)
- Payday Loans in Florida
Payday loans are governed by both federal and Florida state law. Under federal law, all Payday Lenders must comply with Regulation Z of the Truth-in-Lending Act. (…)
- Payday Loans in Minnesota
The wild west of Internet faxless payday lending is starting to get some much-needed oversight. (…)
April 26, 2008
- Payday Loans In New York State
The State of New York is one of several States in the US that does not have specific payday lending provisions. That is, New York does not allow payday lending. There are, however, several lenders who claim to be able to provide payday loans to residents of New York State. They may be able to do this by partnering with a federal bank or by being based outside the US. There are several lenders in the network used by NextDayCheck that may be able to help you if you are looking for payday loans in New York State. (…)
March 8, 2008
- Payday Loans — 5 Things You Need to Know
Considering a payday loan? Before you take one out, read this first! We give you five things you need to know before you shop for your first (or next) payday loan.
1. (…)
March 5, 2008
- Payday Loans in Colorado
Payday loans in Colorado are generally permitted under Colorado Code Section 5-3.1-101. A payday lender in Colorado is limited to loans of less than $500. Further, no total loan amount may exceed $575. (…)
- Payday Loans in California
Payday loans in California are generally permitted.
Payday loans are governed by both federal and California state law. (…) - Payday Loans in Arkansas
Payday loans in Arkansas are generally permitted by Arkansas Law Section 23-52-101, however payday loans in Arkansas are limited to loan amounts under $400. A payday lender in Arkansas cannot charge a fee in excess of 10 percent of the face amount of any personal check or money order and, an additional fee not to exceed $10.
- Payday Loans in Arizona
Payday loans in Arizona are generally permitted under Arizona Code Section 6-1251. Payday loans in Arizona are limited to loan amounts between $50 and $500, and a lender can not directly or indirectly charge any fee or other consideration for accepting a check for deferred presentment or deposit that is more than 15 per cent of the face amount of the check for any initial transaction or any extension.
- Payday Loans in Alaska
Payday loans in Alaska are generally permited under Alaska Code Section 06.50.010A. The loan amount cannot exceed $500, and a licensed payday lender may only charge a nonrefundable origination fee in an amount not to exceed $5; and a fee that does not exceed $15 for each $100 of an advance, or 15 percent of the total amount of the advance, whichever is less.
- Payday Loans In Alabama
Payday loans in Alabama are generally permitted under Alabama Code Section 5-18A-1. The total loan amount may not exceed $500, and the fees charged shall not exceed 17.5 percent of the amount advanced.