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 Nevada.
Nevada Payday Loan Laws
Nevada Legislation State Information
Payday Loan Legal Status: Legal
Citation:
Nev. Rev. Stat. 604A.010 et seq.
Payday Loan Terms:
Maximum Payday Loan Amount: 25% of expected gross monthly income
Payday Loan Term: Max: 60 days
Maximum Finance Rate and Fees: Not Specified
- 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 payday loan: No Limit
apr for 14-day $100 loan: No Limitations
Payday Debt Limits:
Payday Maximum Number of Outstanding Payday Loans at One Time: Not Specified
Rollovers Permitted: Not Specified
Payday Lenders cannot extend payment period beyond 60 days after expiration of initial loan period
Cooling-off Period:
Repayment Plan: Yes
Payday Loan 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)
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
Regulatory Contact: , Supervisory Examiner
Boulder City
Carson City
Elko
Enterprise
Fallon
Fernley
Gardnerville Ranchos
Henderson
Incline Village-Crystal Bay
Las Vegas
Laughlin
Lemmon Valley-Golden Valley
Mesquite
Nellis AFB
North Las Vegas
Pahrump
Paradise
Reno
Spanish Springs
Sparks
Spring Creek
Spring Valley
Sun Valley
Sunrise Manor
Whitney
Winchester
Winnemucca
Carson City
Churchill County
Clark County
Douglas County
Elko County
Esmeralda County
Eureka County
Humboldt County
Lander County
Lincoln County
Lyon County
Mineral County
Nye County
Pershing County
Storey County
Washoe County
White Pine County
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 Nebraska.
Nebraska Payday Loan Laws
Nebraska Legislation State Information
Payday Loan Legal Status:Nebraska Legal
Citation:Nebraska
Neb. Stat. Ann. § 45-901
Nebraska Payday Loan Terms:Nebraska
Maximum Payday Loan Amount: $500
Payday Loan Term: Max: 31 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%
NebraskaDebt Limits:Nebraska
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None – You can not repay, refinance, or consolidate the loans
Cooling-off Period:
Repayment Plan:
Nebraska
Regulator:
Nebraska Department of Banking & Finance
Address: Financial Institutions
1230 ‘O’ Street, Suite 400
P.O. Box 95006
Lincoln NE 68509
Phone: (402) 471-2171
Alliance
Beatrice
Bellevue
Blair
Chalco
Columbus
Crete
Elkhorn
Fremont
Gering
Grand Island
Hastings
Kearney
La Vista
Lexington
Lincoln
McCook
Nebraska City
Norfolk
North Platte
Offutt AFB
Omaha
Papillion
Plattsmouth
Ralston
Scottsbluff
Seward
Sidney
South Sioux City
York
Adams County
Antelope County
Arthur County
Banner County
Blaine County
Boone County
Box Butte County
Boyd County
Brown County
Buffalo County
Burt County
Butler County
Cass County
Cedar County
Chase County
Cherry County
Cheyenne County
Clay County
Colfax County
Cuming County
Custer County
Dakota County
Dawes County
Dawson County
Deuel County
Dixon County
Dodge County
Douglas County
Dundy County
Fillmore County
Franklin County
Frontier County
Furnas County
Gage County
Garden County
Garfield County
Gosper County
Grant County
Greeley County
Hall County
Hamilton County
Harlan County
Hayes County
Hitchcock County
Holt County
Hooker County
Howard County
Jefferson County
Johnson County
Kearney County
Keith County
Keya Paha County
Kimball County
Knox County
Lancaster County
Lincoln County
Logan County
Loup County
Madison County
McPherson County
Merrick County
Morrill County
Nance County
Nemaha County
Nuckolls County
Otoe County
Pawnee County
Perkins County
Phelps County
Pierce County
Platte County
Polk County
Red Willow County
Richardson County
Rock County
Saline County
Sarpy County
Saunders County
Scotts Bluff County
Seward County
Sheridan County
Sherman County
Sioux County
Stanton County
Thayer County
Thomas County
Thurston County
Valley County
Washington County
Wayne County
Webster County
Wheeler County
York County
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 Mississippi.
Mississippi Payday Loan Laws
Mississippi Legislation State Information
Payday Loan Legal Status: Legal -Applies to check cashiers only
Citation:
Miss. Code Ann. § 75-67-501 et seq.
Payday Loan Terms:
Maximum Payday Loan Amount: $400
Payday Loan Term: Max: 30 days
Maximum Payday Loan Finance Rate and Fees: 18% of check
Finance Charge for 14-day $100 loan: $22
APR for 14-day $100 loan: 572%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot renew or otherwise extend)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Payday Loan Collection Fees: NSF fee; Court-awarded fees
Criminal Action: Prohibited – When check returned due to NSF
Regulator: Mississippi Department of Banking and Consumer Finance
Address: 901 Woolfolk Building, Suite A 501 N. West Street Jackson MS 39201
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 Michigan.
Michigan Payday Loan Laws
Michigan Legislation State Information
Payday Loan Legal Status: Legal
Citation:
Mich. Comp. Laws 487.2121 et seq.
Payday Loan Terms:
Maximum Payday Loan Amount: $600
Payday 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 Payday loan: $15
APR for 14-day $100 Payday loan: 390%
Payday Loan Debt Limits:
Maximum Number of Outstanding Loans at One Time: One with licensee or more than one with any other licensee
Payday Loan Rollovers Permitted: None – cannot renew; lender may extend only if it does not charge a fee
Cooling-off Period:
Repayment Plan: Yes
Payday Loan Collection Limits:
Collection Fees: One $25 returned check charge
Criminal Action: Prohibited
Regulator:
Michigan Office of Financial and Insurance Services
Address: P.O. Box 30220 Lansing MI 48909
List of cities in Michigan (shown in alphabetical order)
List of counties in Michigan (shown in alphabetical order)
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 Massachusetts.
Massachusetts Payday Loan Laws
Massachusetts Legislation State Information
Payday Loan Legal Status: Prohibited
Citation:
Small loan act applies. Mass. Gen. Laws Ann. ch. 140 § 96 et seq.;209 Mass. Code Regs. § 26.01. Check cashiers 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
Regulator: Massachusetts Division of Banks
Address: One South Station Boston MA 02110
Abington
Acton
Acushnet
Adams
Agawam
Amesbury
Amherst
Amherst Center
Andover
Arlington
Ashland
Athol
Attleboro
Auburn
Ayer
Barnstable Town
Bedford
Belchertown
Bellingham
Belmont
Beverly
Billerica
Blackstone
Boston
Bourne
Boxford
Braintree
Brewster
Bridgewater
Brockton
Brookline
Burlington
Cambridge
Canton
Carver
Charlton
Chatham
Chelmsford
Chelsea
Chicopee
Clinton
Cochituate
Cohasset
Concord
Dalton
Danvers
Dartmouth
Dedham
Dennis
Dighton
Douglas
Dracut
Dudley
Duxbury
East Bridgewater
East Falmouth
East Longmeadow
Easthampton
Easton
Everett
Fairhaven
Fall River
Falmouth
Fitchburg
Foxborough
Framingham
Franklin
Freetown
Gardner
Georgetown
Gloucester
Grafton
Granby
Great Barrington
Greenfield
Groton
Groveland
Halifax
Hamilton
Hanover
Hanson
Harwich
Haverhill
Hingham
Holbrook
Holden
Holliston
Holyoke
Hopkinton
Hudson
Hull
Ipswich
Kingston
Lakeville
Lancaster
Lawrence
Leicester
Leominster
Lexington
Lincoln
Littleton
Longmeadow
Lowell
Ludlow
Lunenburg
Lynn
Lynnfield
Malden
Mansfield
Mansfield Center
Marblehead
Marlborough
Marshfield
Mashpee
Mattapoisett
Maynard
Medfield
Medford
Medway
Melrose
Merrimac
Methuen
Middleborough
Middleborough Center
Middleton
Milford
Millbury
Millis
Milton
Monson
Montague
Nantucket
Natick
Needham
New Bedford
Newbury
Newburyport
Newton
Norfolk
North Adams
North Amherst
North Andover
North Attleborough
North Attleborough Center
North Reading
Northampton
Northborough
Northbridge
Norton
Norwell
Norwood
Orange
Orleans
Oxford
Palmer
Peabody
Pembroke
Pepperell
Pinehurst
Pittsfield
Plainville
Plymouth
Quincy
Randolph
Raynham
Reading
Rehoboth
Revere
Rockland
Rockport
Rutland
Salem
Salisbury
Sandwich
Saugus
Scituate
Seekonk
Sharon
Shirley
Shrewsbury
Somerset
Somerville
South Hadley
South Yarmouth
Southborough
Southbridge
Southwick
Spencer
Springfield
Sterling
Stoneham
Stoughton
Sturbridge
Sudbury
Sutton
Swampscott
Swansea
Taunton
Templeton
Tewksbury
Topsfield
Townsend
Tyngsborough
Uxbridge
Wakefield
Walpole
Waltham
Ware
Wareham
Watertown
Wayland
Webster
Wellesley
West Boylston
West Bridgewater
West Springfield
West Yarmouth
Westborough
Westfield
Westford
Westminster
Weston
Westport
Westwood
Weymouth
Whitinsville
Whitman
Wilbraham
Williamstown
Wilmington
Winchendon
Winchester
Winthrop
Woburn
Worcester
Wrentham
Yarmouth
Barnstable County
Berkshire County
Bristol County
Dukes County
Essex County
Franklin County
Hampden County
Hampshire County
Middlesex County
Nantucket County
Norfolk County
Plymouth County
Suffolk County
Worcester County
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 Kentucky.
Kentucky Payday Loan Laws
Kentucky Legislation State Information
Payday Loan Legal Status: Legal (Applies to check cashiers only)
Citation:
Kentucky Rev. Stat. Ann. § 286.9.010 et seq.
Payday Loan Terms:
Maximum Payday Loan Amount: $500
Payday Loan Term: 14-60 days
Maximum Payday Loan Finance Rate and Fees: $15 per $100
Finance Charge for 14-day $100 payday loan: $17.65
APR for 14-day $100 loan: 459%
Payday Loan Debt Limits:
Maximum Number of Outstanding Payday Loans at One Time: Two – $500 aggregate loans outstanding to all licensees
Rollovers Permitted: None – cannot renew, rollover, or consolidate
Cooling-off Period: None
Repayment Plan:
Payday Loan Collection Limits:
Collection Fees: One NSF fee (if disclosed)
Criminal Action: Prohibited
Regulator: Kentucky Office of Financial Institutions
Address: 1025 Capital Center Drive, Suite 200 Frankfort KY 40601
Phone: (800) 223-2579
Fax: (502) 573-8787
Alexandria
Ashland
Bardstown
Bellevue
Berea
Bowling Green
Buechel
Burlington
Campbellsville
Corbin
Covington
Cynthiana
Danville
Edgewood
Elizabethtown
Elsmere
Erlanger
Fairdale
Fern Creek
Flatwoods
Florence
Fort Campbell North
Fort Knox
Fort Mitchell
Fort Thomas
Frankfort
Franklin
Georgetown
Glasgow
Harrodsburg
Henderson
Highland Heights
Highview
Hillview
Hopkinsville
Independence
Jeffersontown
Lawrenceburg
Leitchfield
Lexington-Fayette
Louisville
Lyndon
Madisonville
Mayfield
Maysville
Middlesborough
Mount Washington
Murray
Newburg
Newport
Nicholasville
Oak Grove
Oakbrook
Okolona
Owensboro
Paducah
Paris
Pikeville
Pleasure Ridge Park
Princeton
Radcliff
Richmond
Russellville
Shelbyville
Shepherdsville
Shively
Somerset
St. Dennis
St. Matthews
Taylor Mill
Valley Station
Versailles
Villa Hills
Winchester
Adair County
Allen County
Anderson County
Ballard County
Barren County
Bath County
Bell County
Boone County
Bourbon County
Boyd County
Boyle County
Bracken County
Breathitt County
Breckinridge County
Bullitt County
Butler County
Caldwell County
Calloway County
Campbell County
Carlisle County
Carroll County
Carter County
Casey County
Christian County
Clark County
Clay County
Clinton County
Crittenden County
Cumberland County
Daviess County
Edmonson County
Elliott County
Estill County
Fayette County
Fleming County
Floyd County
Franklin County
Fulton County
Gallatin County
Garrard County
Grant County
Graves County
Grayson County
Green County
Greenup County
Hancock County
Hardin County
Harlan County
Harrison County
Hart County
Henderson County
Henry County
Hickman County
Hopkins County
Jackson County
Jefferson County
Jessamine County
Johnson County
Kenton County
Knott County
Knox County
Larue County
Laurel County
Lawrence County
Lee County
Leslie County
Letcher County
Lewis County
Lincoln County
Livingston County
Logan County
Lyon County
Madison County
Magoffin County
Marion County
Marshall County
Martin County
Mason County
McCracken County
McCreary County
McLean County
Meade County
Menifee County
Mercer County
Metcalfe County
Monroe County
Montgomery County
Morgan County
Muhlenberg County
Nelson County
Nicholas County
Ohio County
Oldham County
Owen County
Owsley County
Pendleton County
Perry County
Pike County
Powell County
Pulaski County
Robertson County
Rockcastle County
Rowan County
Russell County
Scott County
Shelby County
Simpson County
Spencer County
Taylor County
Todd County
Trigg County
Trimble County
Union County
Warren County
Washington County
Wayne County
Webster County
Whitley County
Wolfe County
Woodford County
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 Kansas.
Kansas Payday Loan Laws
Legislation State Information
Payday Loan Legal Status: Legal
Citation:
Kan. Stat. Ann. § 16a-2-404
Payday Loan Terms:
Maximum payday Loan Amount: $500
Payday Loan Term: 7-30 days
Maximum Finance Rate and Fees: 15%
Finance Charge for 14-day $100 payday loan – $15
APR for 14-day $100 payday loan: 390%
Payday Loan Debt Limits:
Maximum Number of Outstanding Payday Loans at One Time: Two
Rollovers Permitted: Not Specified
Cooling-off Period:
Repayment Plan:
Payday Loan Collection Limits:
Collection Fees: One NSF fee
Criminal Action: Prohibited
Regulator: Office of the State Bank Commissioner
Address: 700 SW Jackson, Suite 300 Topeka KS 66603
Phone: (785) 296-2266
Fax: (785) 296-0168
Abilene
Andover
Arkansas City
Atchison
Augusta
Bonner Springs
Chanute
Coffeyville
Derby
Dodge City
El Dorado
Emporia
Fort Riley North
Fort Scott
Garden City
Gardner
Great Bend
Hays
Haysville
Hutchinson
Independence
Iola
Junction City
Kansas City
Lansing
Lawrence
Leavenworth
Leawood
Lenexa
Liberal
Manhattan
McPherson
Merriam
Mission
Newton
Olathe
Ottawa
Overland Park
Parsons
Pittsburg
Prairie Village
Pratt
Roeland Park
Salina
Shawnee
Topeka
Wellington
Wichita
Winfield
Allen County
Anderson County
Atchison County
Barber County
Barton County
Bourbon County
Brown County
Butler County
Chase County
Chautauqua County
Cherokee County
Cheyenne County
Clark County
Clay County
Cloud County
Coffey County
Comanche County
Cowley County
Crawford County
Decatur County
Dickinson County
Doniphan County
Douglas County
Edwards County
Elk County
Ellis County
Ellsworth County
Finney County
Ford County
Franklin County
Geary County
Gove County
Graham County
Grant County
Gray County
Greeley County
Greenwood County
Hamilton County
Harper County
Harvey County
Haskell County
Hodgeman County
Jackson County
Jefferson County
Jewell County
Johnson County
Kearny County
Kingman County
Kiowa County
Labette County
Lane County
Leavenworth County
Lincoln County
Linn County
Logan County
Lyon County
Marion County
Marshall County
McPherson County
Meade County
Miami County
Mitchell County
Montgomery County
Morris County
Morton County
Nemaha County
Neosho County
Ness County
Norton County
Osage County
Osborne County
Ottawa County
Pawnee County
Phillips County
Pottawatomie County
Pratt County
Rawlins County
Reno County
Republic County
Rice County
Riley County
Rooks County
Rush County
Russell County
Saline County
Scott County
Sedgwick County
Seward County
Shawnee County
Sheridan County
Sherman County
Smith County
Stafford County
Stanton County
Stevens County
Sumner County
Thomas County
Trego County
Wabaunsee County
Wallace County
Washington County
Wichita County
Wilson County
Woodson County
Wyandotte County
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