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Legal Status of Payday Loan
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Wyoming Authorize High-Cost Payday Lending

Wyoming State Information Legal Status:  Legal Citation: Wy. Stat. 40-14-362 et seq. Loan Terms: Maximum Loan Amount: Not Specified Maximum...

Wisconsin Authorize High-Cost Payday Lending

Wisconsin State Information Legal Status:   Legal Citation: Wis. Stat. 138.14 Loan Terms: Maximum Loan Amount: Lesser of $1,500 including fe...

Washington Authorize High-Cost Payday Lending

Washington State Information Legal Status: Legal (Lender must have a small loan endorsement to their check casher license in order to make p...

Virginia Authorize High-Cost Payday Lending

Virginia State Information Legal Status: Legal Citation: Va. Code Ann. §§ 6.2-1800 et seq. Loan Terms: Maximum Loan Amount: $500 Loan Term...

Utah Authorize High-Cost Payday Lending

Utah State Information Legal Status: Legal (Applies to check cashers only) Citation: Utah Code Ann. 7-23-101 et seq. Loan Terms: Maximum Loa...

Texas Authorize High-Cost Payday Lending

Texas State Information Legal Status:  Legal Citation: 7 Tex. Admin. Code § 83.604; 4 Tex. Fin. Code §§ 342.251 et seq. and §§ 342.601 et se...

Tennessee Authorize High-Cost Payday Lending

Tennessee State Information Legal Status: Legal Citation: Tenn. Code Ann. 45-17-101 et seq. Loan Terms: Maximum Loan Amount: $425 ($500 ch...

South Carolina Authorize High-Cost Payday Lending

South Carolina State Information Legal Status: Legal Citation: S.C. Code §§ 34-39-110 et seq. Loan Terms: Maximum Loan Amount: $550 Loan T...

Oklahoma Authorize High-Cost Payday Lending

Oklahoma State Information Legal Status: Legal Citation: Okla. Stat. Tit. 59 §§ 3101 et seq. Loan Terms: Maximum Loan Amount: $500 Loan Ter...

North Dakota Authorize High-Cost Payday Lending

North Dakota State Information Legal Status:   Legal Citation: N.D. Cent. Code 13-08-01 et seq. Loan Terms: Maximum Loan Amount: $500 Loan ...

New Mexico Authorize High-Cost Payday Lending

New Mexico State Information Legal Status: Legal Citation: N.M. Stat. Ann. §§ 58-15-32 to 38 Loan Terms: Maximum Loan Amount: $2500 Loan Te...

Nevada Authorize High-Cost Payday Lending

Nevada State Information Legal Status:   Legal Citation: Nev. Rev. Stat. 604A.010 et seq. Loan Terms: Maximum Loan Amount: 25% of expected ...

Nebraska Authorize High-Cost Payday Lending

Nebraska State Information Legal Status:   Legal Citation: Neb. Stat. Ann. §§ 45-901 Loan Terms: Maximum Loan Amount: $500 Loan Term Max: ...

Missouri Authorize High-Cost Payday Lending

Missouri State Information Legal Status:  Legal Citation: Mo. Rev. Stat. §§ 408.500 et seq. Loan Terms: Maximum Loan Amount: $500 Loan Term...

Minnesota Authorize High-Cost Payday Lending

Minnesota State Information Legal Status:   Legal Citation: Minn. Stat. 47.60 et seq. Loan Terms: Maximum Loan Amount: $350 Loan Term Max: ...

Michigan Authorize High-Cost Payday Lending

Michigan State Information Legal Status: Legal Citation: Mich. Comp. Laws §§ 487.2121 et seq. Loan Terms: Maximum Loan Amount: $600 Loan Te...

Louisiana Authorize High-Cost Payday Lending

Louisiana State Information Legal Status:   Legal Citation: La. Rev. Stat. Ann. §§ 9:3578.1 et seq. Loan Terms: Maximum Loan Amount: $350 L...

Kentucky Authorize High-Cost Payday Lending

Kentucky State Information Legal Status:   Legal (Applies to check cashers only) Citation: Kentucky Rev. Stat. Ann. §§ 286.9.010 et seq. Loa...

Kansas Authorize High-Cost Payday Lending

Kansas State Information Legal Status:  Legal Citation: Kan. Stat. Ann. § 16a-2-404 Loan Terms: Maximum Loan Amount: $500 Loan Term: 7-30 d...

Iowa Authorize High-Cost Payday Lending

Iowa State Information Legal Status: Legal Citation: Iowa Code Ann. 533D.1 et seq. Loan Terms: Maximum Loan Amount: $500 Loan Term: Max: 3...