Your EYE on the Payday Loan Industry  
Payday Home

Purchase Reports

Learning Center
 Payday Loan Industry
 Payday Training Manual
 Payday Seminars
 Payday Newsletter
 Payday Loan History
 Payday Profits
 Payday Loan Alternatives
 Internet Business
 Success Stories
 CSO Model
 Payday Loan Franchises
 Check & ACH Verification
 Check Guarantee Program
 Boot Camp
 Text Messaging Strategy

 Car Title Loan Biz
 Payday Loan Blog
 Offshore Payday Loans
 Scrap Gold Business
 Scrap Gold Guru

Payday Loan Legislation
 USA Payday Legislation
 England Payday Legislation
 Canada Payday Legislation
 Australia Payday Legislation

For Payday Loan Operators
 Payday Training Manual
 Payday Loan Machines
 ATM Cards
 Payday Loan Software
 Gramm-Leach-Bliley Act
 Internet Business
 Compliance Training
 Call Center Solution
 Vendors & Suppliers
 Payday Loan Leads

For Payday Loan Investors
 Earn 30% on Your Money
 Internet Business

Other Stuff
 Frequently Asked Questions
 Our Contact Info
 Borrow $500 Now
 Auto Title Loans
 Cash Advance
 Payday Loan Blog

Subscribe at no cost to you for our Payday Loan Newsletter. The frequency is typically once each month. If you have an interest in the payday loan industry, YOU NEED OUR Payday Loan NEWSLETTER!

WE PROMISE to never sell, give-away, or abuse your contact info. You will receive a confirmation email from us immediately.


Paycheck Loan Various State Legislation

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

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!!
This links directly to the Louisiana Legislation Website
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


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

Payday Home | Payday Loan Industry | Payday Training Manual | Payday Seminars | Payday Newsletter | Payday Loan History | Payday Profits | Payday Loan Alternatives | USA Payday Legislation | England Payday Legislation | Canada Payday Legislation | Australia Payday Legislation | Payday Training Manual | Payday Loan Machines | ATM Cards | Payday Loan Software | Collections | Gramm-Leach-Bliley Act | Stores for Sale | Earn 30% on Your Money | Disclaimer | Frequently Asked Questions | Our Contact Info | Borrow $500 Now | Vendors & Suppliers |