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Payday Lending State Statutes in the USA

PAYDAY LENDING STATE STATUTES WA MA NH MT ME ND MN OR WI SD NY WY MI RI IA PA NE NE OH UT IN NJ СА DE KS MO VA KY MD DC NC TN AZ OK NM AR SC AL GA MS TX LA FL AK MAXIMUM LOAN AMOUNT HI $300 $350 $500 $550 $600 $700 $1K $1,5K $2K $2,5K $50K • Prohibited • No Limit STATE MAXIMUM LOAN AMOUNT Alabama $500 Alaska $500 Arizona Prohibited Arkansas Prohibited %24 California $300 Colorado $500 Connecticut Prohibited NMP.L. Delaware $1,000 District of Prohibited Columbia Florida $500 Georgia Prohibited WORKS HANO HELP YOU 24/7 $600 Hawaii Idaho $1,000 Illinois $1,000 (or 25% of gross income) Indiana $550 (or 20% of gross income) lowa $500 Kansas $500 Kentucky $500 Louisiana $350 Maine $2,000 Maryland Prohibited Massachusetts Prohibited Michigan $600 Minnesota $350 Mississippi $500 Missouri $500 Montana $300 Nebraska $500 No limit (but 25% of monthly gross income) Nevada TMP.L. New Hampshire $500 New Jersey Prohibited New Mexico Prohibited New York Prohibited North Carolina Prohibited North Dakota $500 Ohio $1,000 Oklahoma $500 Oregon $50,000 Pennsylvania Prohibited Rhode Island $500 South Carolina $550 South Dakota $500 Tennessee $500 Техas No limit Utah No limit Vermont Prohibited Virginia $2,500 Washington $700 (or 30% of the gross income) West Virginia Prohibited Wisconsin $1,500 (or 35% of the gross income) Wyoming No limit %24 www.nearmepayday.loan NMPL. WORKS HARD TO HELP YOU 24/7 www.ncsl.org/research/financial-services-and- commerce/payday-lending-state-statutes.aspx

Payday Lending State Statutes in the USA

shared by nmpl on Sep 14
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This infographic clearly shows in which states of the United States short-term cash advances (payday loans) are allowed (legal), and in which ones are prohibited. You can also find out the maximum loa...

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Economy
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