Not less than 10 days and not more than 31 days State Statutes Regulating Payday Loans State If you have questions regarding the application of a state law to a specific payday loan, please contact the Office of the Attorney General in your state. NCSL is unable to provide guidance to citizens or businesses regarding payday loan laws and practices. PLEASE NOTE: Please note the summaries should be used for general informational purposes and not as a legal reference. The District of Columbia repealed its pre-existing statutory provision in 2007. New Mexico repealed its payday lending statutes in 2017. Arkansas repealed its pre-existing statute in 2011.
Arizona and North Carolina allowed pre-existing payday lending statutes to sunset. Eleven jurisdictions do not have specific payday lending statutory provisions and/or require lenders to comply with interest rate caps on consumer loans: Connecticut, Guam, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Puerto Rico, Vermont, Virgin Islands and West Virginia. Thirty-seven states have specific statutes that allow for payday lending. This page summarizes state statutes regarding payday lending or deferred presentment, which features single-payment, short-term loans based on personal checks held for future deposit or on electronic access to personal checking accounts.
0 kommentar(er)
