Australia Payday Loan Laws and Legislation
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Australia Payday Loan Legislation & Laws

Paycheck Loan State Legislation

For the latest legislative information, visit:


www.PaydayLoanLegislation.com

The following information is presented as a courtesy only. It may be dated This material must be considered as a starting point only. YOU must perform your Due Diligence! Some links may be "dead". NOTE: If your state or country is not included in our list, it simply means we have not yet located the appropriate web site. If you have a web site link that you feel should be included here, PLEASE email us and we will be very happy to add it.

These links open a NEW BROWSER WINDOW. After reviewing, close the new window to return to Affordable Payday Loans and Paycheck Advances

AL - This links to the Alabama Legislation Website
Ark. - This links to the Arkansas Legislation Website

Arizona - This links to the Arizona Legislation Website. Start your search for Bill#SB1078


SB1959
This links directly to the California's Legislation Website. This is existing legislation that governs Payday Advances.
SB834This links directly to the California's Legislation Website. This is proposed legislation (as of 4/19/99) and was introduced 2/25/99.          AB425
This links directly to the California's Legislation Website. This is proposed legislation (as of 4/19/99) and was introduced 2/12/99.  It was amended 3/24/99 .

CO This links directly to Colorado State's Uniform Consumer Credit Code Section
          UCCC Home Page
(Licensing Requirements, Application, Proposed Rules)
License Revoked in Canon City July 97

FL - This links to the Florida State Website.

GA - Pawnbroker Regulation
          Consumer Credit Disclosure
ID - This links directly to Idaho State's Website

IL - This links to Illinois State's Website
A Payday Loan report by the State of IL

IN - This links directly to the Indiana State's Website.
License Application This link is to the State of Indiana License Application for Check Casher/Payday Advance.
Payday LendersLinks to a list of payday lenders in Indiana.
KS - This links directly to Kansas State's Website. They moved the direct link! We are searching!!
LA
This links directly to the Louisiana Legislation Website
LA
The State of Louisiana has killed SB 132. This is the bill that would of put payday loan companies out of business. No bill is expected to pass in LA.

MN - This links directly to Minnesota State's Website.
MO House - This links directly to Missouri State's Website.

MO Senate - This links directly to Missouri State's Website.
04/28/99 - Mississippi has passed HB 821 which has been enacted and signed by the Governor.
MS - This links directly to the Mississippi Legislation Website.  Do your searches on HB 821.
NEW   NY    This links directly to the State of New York Banking Department Policy Statement
NC - This links directly to the North Carolina Legislation Website.

- The Nevada’s Check Cashing and Deferred Deposit industry is regulated by the Financial Institution Division of the state of Nevada under N.R.S. 604. Every company desiring a presence in the State of Nevada must register with the State in accordance with the regulation.
NV - This links directly to Nevada State's Website

Ohio SUMMARY


1. Effective Rate: $15.00 per $100.00
2. Maximum Contract: $500.00
3. Min/Max Duration: 1 Day to 6 Months
4. Only 1 loan at a time to a customer
5. No Rollover allowed
6. Must wait 1 business day to make a new loan after payoff (Cool Off Period)
7. Full Truth in Lending Disclosure required
8. NSF Fee = $20.00 plus Bank Charge, Maximum $25.00
9. No Additional Late Fees or Interest
10. Must have a license as a Check Casher and have a minimum $100,000 net worth.
OH - This links directly to the Ohio Legislative search page. Search on Revised Code 1321!

OR - This links directly to Oregon State's Website. All I have heard so far is that you have to be licensed as a Financial Institution.

Summary So. Carolina


Please note that the date of the entry is when it was placed on this site...not necessarily when it actually happened!
04/30/99 - Title Lenders Act (SB 661) and Deferred Presentment Bill (SB 434) as of late have become fairly active. SB 661 has been made "Special Order," and SB 434 has passed the Senate and is off to the house.
04/28/99 - Title Lenders Act (SB 661) caps interest as follows:
$100 - 22.5% or $22.50 for 30 days
$200 - 19% or $37.50 for 30 days
$300 - 16% or $47.50 for 30 days
$400 - 14% or $57.50 for 30 days
and so on...This bill has been made "Special Order" by the SC Senate on 4/27/99.


SC - This links directly to the South Carolina Legislation search page.  Do your search on SB 661.
TN This links directly to the Tennessee Legislation Website.
American Collectors Assoc. - This links directly to the The American Collectors Association Website. Excellent resource for collection activities relevant to the Payday Advance Business
 



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