Idaho Payday Loans or “Quick Cash” loans come in real handy when you are short on cash. Today you can go to brick and mortar business for a payday loan or cash advance loan and you can even get online payday loans. The interest rates are a little healthy, but the speed and convenience of getting the cash quick to cover an unexpected expense overrides the costs.
These are the rules, laws and regulations of payday loans in Alabama.
Idaho Payday Loan Laws & Legislation State Information
Payday Loan Legal Status: Legal
Citation:
Idaho Code Ann. § 28-46-401 et seq.
Payday Loan Terms:
Maximum Payday Loan Amount: $1000
Payday Loan Term: Not Specified
Maximum Finance Rate and Fees: Not Specified
Finance Charge for 14-day $100 payday loan:
APR for 14-day $100 payday loan: No Limit
Payday Loan Debt Limits:
Maximum Number of Outstanding payday Loans at One Time: Not Specified
$1000 aggregate loans outstanding to all licensees
Rollovers Permitted: Three (renewals)
Cooling-off Period:
Repayment Plan:
Payday Loan Collection Limits:
Collection Fees: $20 NSF fee + 12% interest per annum on unpaid amount
Criminal Action: Prohibited
Regulator: Idaho Department of Finance
Address:
Consumer Credit Section
700 West State Street
2nd Floor Boise ID 83702
Phone: (208) 332-8000
Fax: (208) 332-8099
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