Payday Loan Laws

A payday loan is a safe and convenient short-term loan. These loans are created to allow borrowers to stretch their monthly budgets when the unexpected happens. Payday loans don’t require a traditional credit check. These are usually for small amounts of cash and typically require only a few easy steps. Most payday lenders provide their payday loan services online or in a neighborhood brick-and-mortar store. In either case, a payday advance loan can be a simple, responsible solution for a temporary budget shortfall.

Click Here, if you would like to learn more about payday loans.

Legal Status of Payday Loans by State

Click on your state to learn if payday loans are legal or prohibited and the state law that applies.

Payday Loans permitted States

The page for each state where payday lending is legal gives the key cost of loan terms under state law. Look for the cost of a payday loan in dollars and annual interest rate for a 14-day $100 loan. Each page lists the maximum number of loans a consumer can have, any limits on loan renewals and requirements for extended repayment plans. Collection limits spell out the fees lenders can charge if the loan is not repaid. Also, whether the lender can use or threaten criminal action if a borrower is unable to make good on the check used to get a loan is discussed.

Payday Loans prohibited States

In states that still have small loan rate caps or usury laws, the state page gives the citation for the law that limits rates, and the small loan rate cap.

Contact Information for State Regulators

All state pages list the state payday loan or small loan regulator, contact information and website.



Abbreviations State Name Abbreviations State Name
AL Alabama AK Alaska
AZ Arizona AR Arkansas
CA California CO Colorado
CT Connecticut DE Delaware
FL Florida GA Georgia
HI Hawaii ID Idaho
IL Illinois IN Indiana
IA Iowa KS Kansas
KY Kentucky LA Louisiana
ME Maine MD Maryland
MA Massachusetts MI Michigan
MN Minnesota MS Mississippi
MO Missouri MT Montana
NE Nebraska NV Nevada
NH New Hampshire NJ New Jersey
NM New Mexico NY New York
NC North Carolina ND North Dakota
OH Ohio OK Oklahoma
OR Oregon PA Pennsylvania
RI Rhode Island SC South Carolina
SD South Dakota TN Tennessee
TX Texas UT Utah
VT Vermont VA Virginia
WA Washington WV West Virginia
WI Wisconsin WY Wyoming


Sourced from

Best part of helps people to make the right decisions. Our services are available all the Time easy to approach, easy to apply…