All regulation of lending institutions is handled primarily by individual states. Payday lending is legal and regulated in 37 states. Being regulated is a good thing, everyone then knows where they stand in relation to the law of the land.
There are 15 states where payday loans are not legal or not feasible due to state law.

States where PayDay loans are not legal:

Arkansas
Connecticut
Georgia
Maine
Maryland
Massachusetts
New Hampshire
New Jersey
New York
North Carolina
Ohio
Oregon
Pennsylvania
Vermont
West Virginia

Be Sociable, Share!

• 

This entry was posted on Tuesday, May 11th, 2010 at 9:52 am and is filed under Payday Loan Industry, Payday Loans by State. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.