Payday loan laws by state
Of the 50 states and DC below, 25 allow payday loans with limits, 5 allow only longer installment-style loans, and 21 do not allow them at typical payday prices. Each row links to the full rules, read from the statute and the state regulator on October 24, 2026.
| State | Status | Fee or rate cap | Rollovers | Payment plan |
|---|---|---|---|---|
| Alabama | Payday loans allowed, with limits | Maximum fee not to exceed 17.5 percent of the amount advanced (Ala. Code § 5-18A-12(a)); no other fees except one NSF fee. | One renewal/extension at the same fee, for a maximum of two continuous transactions (§ 5-18A-12(b)). After the initial loan and one rollover the full balance becomes due (§ 5-18A-12(c)). | Required by law |
| Alaska | Payday loans allowed, with limits | A nonrefundable origination fee of not more than $5, plus a fee not exceeding $15 for each $100 advanced or 15 percent of the total advance, whichever is less (AS 06.50.460(a)); no other fees except a bad check fee; fees may not be prorated. | A licensee may not renew an advance more than two consecutive times, after which it must require repayment in full (AS 06.50.470(b)); renewal fees capped at the AS 06.50.460(a) fees. | Required by law |
| Arizona | Typical payday loans not allowed | Licensed consumer lenders: consumer loan rate of 36 per cent on loans of $3,000 or less; on larger loans 36% on the first $3,000 and 24% on the excess, or a blended rate (A.R.S. § 6-632(A)). | See state page | Not required |
| Arkansas | Typical payday loans not allowed | "The maximum lawful rate of interest on loans or contracts not described in Sections 1 and 2 shall not exceed seventeen percent (17%) per annum" (Ark. Const. amend. 89, § 3; Sections 1 and 2 cover governmental units and federally insured depository institutions). | See state page | Not required |
| California | Payday loans allowed, with limits | "A fee for a deferred deposit transaction shall not exceed 15 percent of the face amount of the check" (Cal. Fin. Code § 23036(a)); no other amounts may be charged (§ 23036(f)). | Not permitted in effect: a lender may not accept or use the same check for a later transaction or let a customer pay off all or part of one payday loan with the proceeds of another (Cal. Fin. Code § 23037(a)). | Not required |
| Colorado | Only longer installment-style loans allowed | "A lender may charge a finance charge for each deferred deposit loan or payday loan that must not exceed an annual percentage rate of thirty-six percent" (C.R.S. § 5-3.1-105, as amended by Proposition 111); all finance charges count toward the APR (§ 5-3.1-102(1.5)); only charges expressly authorized by the Act may be charged; prorated refund of the finance charge on prepayment. | A deferred deposit loan may not be renewed more than once; after that the consumer must pay in cash or its equivalent or the lender may deposit the instrument (C.R.S. § 5-3.1-108(1)); renewal finance charge also capped at 36% APR (§ 5-3.1-108(2)). | Not required |
| Connecticut | Typical payday loans not allowed | For a small loan under $5,000, an APR that exceeds the lesser of 36 per cent or the Military Lending Act maximum is prohibited; for loans between $5,000 and $50,000, an APR above 25 per cent is prohibited (Conn. Gen. Stat. § 36a-558(d)(1)). APR is calculated under the Military Lending Act and includes every finance charge, ancillary product and fee (§ 36a-555). | See state page | Not required |
| Delaware | Payday loans allowed, with limits | No cap: a licensee may charge interest 'at such daily, weekly, monthly, annual or other periodic percentage rate or rates as the agreement governing the loan provides' (5 Del. C. § 2229), plus additional charges under § 2231. | No more than 4 rollovers of an existing short-term consumer loan (5 Del. C. § 2235A(a)(2)); each rollover or refinancing counts toward the 5-loan annual limit (§ 2235A(a)(1)). | Not required |
| District of Columbia | Typical payday loans not allowed | Interest on a written instrument for the payment of money may not exceed "24% per annum" (D.C. Code § 28-3301(a)). Licensed money lenders may not charge more than the lawful rate set by Chapter 33 of Title 28, and "this charge shall cover all fees, expenses, demands, and services of every character" (D.C. Code § 26-905). | See state page | Not required |
| Florida | Payday loans allowed, with limits | Fees may not exceed 10 percent of the currency or payment instrument provided (single-payment), or 8 percent of the outstanding transaction balance on a biweekly basis (installment), plus a verification fee under § 560.309(8), set by rule at no more than $5 (Fla. Stat. § 560.404(6)). Prepayment penalties prohibited. | Prohibited: a provider may not roll over a deferred presentment agreement or redeem, extend or consolidate it with the proceeds of another deferred presentment transaction by the same provider or an affiliate (Fla. Stat. § 560.404(18)). | Required by law |
| Georgia | Typical payday loans not allowed | No payday fee is authorized. Licensed installment lenders (loans of $3,000 or less): interest not to exceed 10 percent per annum of the face amount of the contract, plus other fees allowed by the Georgia Installment Loan Act, for terms up to 36 months and 15 days (O.C.G.A. § 7-3-11, as summarized by the Department of Banking and Finance). | See state page | Not required |
| Hawaii | Only longer installment-style loans allowed | Interest of not more than 36 per cent per year on the unpaid principal (HRS § 480J-4(a)), plus a monthly maintenance fee of up to $25 (loans under $300), $30 ($300-$699.99) or $35 ($700 and up) (§ 480J-2(a)(4)); total loan charges may not exceed 50 per cent of the principal loan amount (§ 480J-2(a)(3)). No origination fees (§ 480J-4(h)). No maintenance fee for active-duty servicemembers or their dependents. | An installment loan may be renewed only once; after one renewal the consumer must pay the debt in cash or its equivalent (HRS § 480J-8(a)). Charges on the renewed loan may not exceed 50% of the renewal principal (§ 480J-8(b)). | Not required |
| Idaho | Payday loans allowed, with limits | No cap: "A licensee may charge a fee for each payday loan," deemed fully earned when made and not deemed interest; no other fees except as the act allows (Idaho Code § 28-46-412(3)). Fees must be posted as a dollar amount per $100 (§ 28-46-412(4)). | A licensee may renew a payday loan no more than three consecutive times, after which it must be repaid in full (Idaho Code § 28-46-413(9)). | Required by law |
| Illinois | Typical payday loans not allowed | A lender shall not contract for or receive a charge exceeding a 36% annual percentage rate on the unpaid balance of the amount financed, calculated using the military APR method of 32 CFR 232.4 (815 ILCS 122/2-5(e-5); 815 ILCS 123/15-5-5 applies the same 36% cap to all consumer loans). | Prohibited. 'Rollover of a payday loan by any lender is prohibited' (815 ILCS 122/2-30); a repayment plan under 2-40 is not a rollover. | Not required |
| Indiana | Payday loans allowed, with limits | Finance charge of no more than 15% of the first $250, 13% of the amount over $250 up to $400, and 10% of the amount over $400 up to $825 (e.g., $30 on $200, $44 on $300, $99.50 on $825). No other charges except the dishonored-payment fee. | Prohibited. A lender may not renew, repay, refinance or consolidate a small loan with the proceeds of another small loan from that lender. | Required by law |
| Iowa | Payday loans allowed, with limits | No more than $15 on the first $100 of the check's face amount and no more than $10 on each additional $100, pro rata for any part of $100 (533D.9(1)). No other charges or fees (533D.10(1)(f)). | Prohibited. A licensee may not repay, refinance or otherwise consolidate a postdated check transaction with the proceeds of another postdated check transaction from the same licensee (533D.10(1)(e)). | Not required |
| Kansas | Payday loans allowed, with limits | An amount not to exceed 15% of the amount of the cash advance (16a-2-404(1)). After maturity, a contract rate of no more than 3% per month of the loan proceeds (16a-2-404(5)). No insurance or other charges except as stated in the statute (16a-2-404(5)). | A loan may not be repaid with the proceeds of another payday loan from the same lender or a related interest (16a-2-404(6)). | Required by law |
| Kentucky | Payday loans allowed, with limits | A service fee of no more than $15 per $100 of the face amount of the deferred deposit check, prorated (KRS 286.9-100(1)(b)). A database fee of $3 per transaction may be charged to the customer (KRS 286.9-140(2)). | Prohibited. A licensee or affiliate may not, for a fee, renew, roll over or otherwise consolidate a deferred deposit transaction (KRS 286.9-100(14)). | Not required |
| Louisiana | Payday loans allowed, with limits | A fee not to exceed 16.75% of the face amount of the check issued (R.S. 9:3578.4(A)(1)). Act 510 of 2025 (eff. Aug. 1, 2025) removed the former $45 maximum. If unpaid at maturity, 36% per year for up to one year, then no more than 18% per year (9:3578.4(A)(2)). | Prohibited, except that a licensee may accept a partial payment of 25% of the amount advanced plus fees and then enter a new transaction or renew for the remaining balance (R.S. 9:3578.6(A)(7)). | Required by law |
| Maine | Typical payday loans not allowed | Actuarial finance charge of no more than 30% per year on the part of the unpaid balance that is $2,000 or less, 24% on the part from $2,000 to $4,000, and 18% above $4,000 (9-A M.R.S. 2-401(2)). Alternatively, a minimum charge of no more than $5 if $75 or less is financed, $15 if more than $75 but less than $250, or $25 if $250 or more (9-A M.R.S. 2-401(7)). | See state page | Not required |
| Maryland | Typical payday loans not allowed | For loans made on or after July 1, 1982 with an original principal of $2,000 or less: 2.75% per month on the part of the unpaid principal up to $1,000 and 2% per month on the part above $1,000. Above $2,000: 2% per month (Md. Code, Com. Law 12-306(a)(6)). OFR states this as 33% per year on the first $1,000 and 24% per year after that. | See state page | Not required |
| Massachusetts | Typical payday loans not allowed | For loans not over $6,000: 23% per year on the unpaid balance of the amount financed (actuarial method), plus a $20 administrative fee when the loan is granted, charged no more than once in any 12-month period (209 CMR 26.01(1)(a)). After one year past maturity, no more than 6% per year (26.01(2)). Anyone making loans of $6,000 or less at more than 12% a year in interest and expenses needs a license (M.G.L. c. 140, s. 96). | See state page | Not required |
| Michigan | Payday loans allowed, with limits | Service fee of no more than 15% of the first $100, 14% of the second $100, 13% of the third $100, 12% of the fourth $100, 11% of the fifth $100 and 11% of the sixth $100, plus any approved database verification fee. No interest (MCL 487.2153(1), (4)(a)). The verification fee is $2.40 from Sept. 1, 2025 and may be passed to the consumer (DIFS). | A licensee may not renew an agreement. It may extend one only without a fee and without increasing the balance owed (MCL 487.2155(1)). | Required by law |
| Minnesota | Typical payday loans not allowed | An annual percentage rate of up to 50%, and 'No other charges or payments are permitted.' The APR includes all interest, finance charges and fees (Minn. Stat. 47.60, subd. 1(c), 2(a); 47.601, subd. 2(e)). After maturity, no more than 2.75% per month (47.60, subd. 2(c)). Any loan above 36% APR requires an ability-to-repay analysis (47.603). | A small loan may not be repaid with the proceeds of another loan from the same lender or a related interest, and loans may not be split to raise charges (Minn. Stat. 47.60, subd. 2(f)). | Not required |
| Mississippi | Payday loans allowed, with limits | No more than $20 per $100 advanced for a delayed deposit check with a face amount up to $250, and no more than $21.95 per $100 advanced for a check over $250 and up to $500 (75-67-519(4)). | Prohibited. A check may not be repaid with the proceeds of another check cashed by the same licensee or an affiliate, and a licensee may not renew or otherwise extend any delayed deposit check (75-67-519(5)). | Not required |
| Missouri | Payday loans allowed, with limits | Simple interest and fees under 408.100 and 408.140, with no specific APR cap. However, no borrower may be required to pay total accumulated interest and fees above 75% of the initial loan amount on any single loan, for the entire term of that loan and all renewals (RSMo 408.505.3). | Up to 6 renewals at the borrower's written request. Interest and fees due must be paid, and the principal must be reduced by at least 5% of the original loan at each renewal (RSMo 408.500.6). A loan may not be repaid with the proceeds of another loan from the same lender or an affiliate (408.505.5). | Not required |
| Montana | Typical payday loans not allowed | "A licensee may not charge a fee for making or carrying each deferred deposit loan authorized by this part that exceeds 36% per annum, exclusive of the insufficient funds fees" (MCA 31-1-722(2), as amended by I.M. No. 164, approved Nov. 2, 2010). No other interest, fees or charges allowed (31-1-722(1)). | Prohibited. "Deferred deposit loans may not be renewed or extended" (31-1-715(10)); renewing, rolling over, refinancing or consolidating with proceeds of another deferred deposit loan is prohibited, though a licensee may extend the due date without charge (31-1-723(6), (13), (15)). | Not required |
| Nebraska | Typical payday loans not allowed | "A licensee shall not impose an annual percentage rate greater than thirty-six percent in connection with a delayed deposit transaction. Any delayed deposit transaction made in violation of this section is void, and the licensee ... has no right to collect, receive, or retain any principal, interest, fees, or any other charges" (45-918(1), Initiative Law 2020, No. 428). APR includes all fees, interest and charges (45-902(1)). | Prohibited. A licensee may not renew, roll over, defer or extend a transaction by letting the maker pay less than the full amount, except through the extended payment plan; it may agree, at the maker's request and with no added fee, to hold a check longer up to the 34-day limit (45-919(1)(e)-(f)). | Required by law |
| Nevada | Payday loans allowed, with limits | No statutory cap on the fee or APR for a deferred deposit loan. After default, interest is limited to the prime rate at Nevada's largest bank plus 10 percent for up to 90 days, then none, and total post-default interest and fees may not exceed the principal (NRS 604A.503). | Limited. If the customer agrees in writing to extend or refinance with a new loan, the period may not go beyond 60 days after the initial loan period, and unpaid interest and charges may not be rolled into the new principal (NRS 604A.5029(1)), subject to the 90-day overall limit (NRS 604A.501(2)). | Required by law |
| New Hampshire | Typical payday loans not allowed | "The annual percentage rate for payday loans shall not exceed 36 percent." "Payday loans shall incur interest only. No other charges or fees shall apply to or be collected on payday loans." (RSA 399-A:17, I-II). Charging more than allowed, except by bona fide error, makes the loan void, with no right to collect any principal or charges (RSA 399-A:15, V; see also 399-A:23, VIII). | Prohibited. "A payday loan lender shall not refinance, renew, or extend any loan." (RSA 399-A:17, VII). | Not required |
| New Jersey | Typical payday loans not allowed | Criminal usury: "any loan or forbearance with an interest rate which exceeds 30% per annum shall not be a rate authorized or permitted by law" (50% for loans to corporations, LLCs and LLPs), notwithstanding any law allowing a rate agreed by the parties (N.J.S. 2C:21-19(a)). Civil usury: $6 per $100 per year, or $16 per $100 per year with a written contract specifying the rate (N.J.S.A. 31:1-1(a)). Licensed consumer lenders may charge an agreed rate on loans up to $50,000 (N.J.S.A. 17:11C-32), still subject to the 30% criminal usury limit. | See state page | Not required |
| New Mexico | Typical payday loans not allowed | "A lender shall not make a loan pursuant to the New Mexico Small Loan Act of 1955 that has a permitted annual percentage rate greater than thirty-six percent", counting finance charges, ancillary products and credit insurance, but excluding amounts paid to public officials and one fee of up to 5% of principal per 12 months on loans of $500 or less (58-15-17(J), as amended by Laws 2022, HB 132, effective Jan. 1, 2023). The cap rises point for point if the prime rate exceeds 10% for three consecutive months (58-15-17(L)). | Any rollover, renewal, refinance or modification with added cost is a new loan requiring new Truth in Lending disclosures (58-15-17(P)), and it remains subject to the 120-day minimum, four-installment and 36% rules. | Not required |
| New York | Typical payday loans not allowed | Civil usury: the maximum rate under General Obligations Law 5-501 "shall be sixteen per centum per annum" (Banking Law 14-a(1); GOL 5-501(1)-(2)), counting all amounts paid to the lender for making the loan. Criminal usury: knowingly charging interest "at a rate exceeding twenty-five per centum per annum" is a class E felony (Penal Law 190.40), and a class C felony as part of a usurious lending business (Penal Law 190.42). Lenders making loans of $25,000 or less to individuals at more than the civil rate must be licensed (Banking Law 340). | See state page | Not required |
| North Carolina | Typical payday loans not allowed | General usury limit for loans of $25,000 or less: the Commissioner of Banks' monthly rate (6-month T-bill rate plus 6%) or 16%, whichever is greater (G.S. 24-1.1(a)(1), (c)). Licensed consumer finance lenders may make installment loans of up to $25,000, repayable over 12 to 96 months in equal monthly payments, at up to 33%/24%/18% tiered rates plus a capped processing fee (G.S. 53-176(a)-(b)). Bank loans under $5,000 to individuals for personal use are limited to 36% APR including origination fees (G.S. 24-1.1(e)(3)). | See state page | Not required |
| North Dakota | Payday loans allowed, with limits | "A licensee may charge a fee for the deferred presentment service, not to exceed twenty percent of the amount paid to the customer by the licensee. This fee may not be deemed interest for any purpose of law." No other fee, except a fee up to the licensee's cost for registering the transaction in the commissioner's database (13-08-12(2)). Renewal fee also capped at 20% of the amount renewed (13-08-12(12)). | One renewal only, with a renewal fee of up to 20% paid in cash, money order or cashier's check; total deferral may not exceed 60 days, then the loan must be paid off or the check deposited (13-08-12(12)). A licensee may not renew, repay, refinance or consolidate with the proceeds of another deferred presentment transaction (13-08-12(14)). | Not required |
| Ohio | Only longer installment-style loans allowed | Interest "not exceeding a rate of twenty-eight per cent per annum"; a monthly maintenance fee of no more than the lesser of 10% of the original loan amount or $30 (none for active-duty servicemembers and their dependents); a 2% origination charge on loans of $500 or more; one check collection charge of $20 plus pass-through bank fees; and a check-cashing fee of up to $10 if proceeds are paid by check (R.C. 1321.40). Total fees and charges may not exceed 60% of the originally contracted loan amount, excluding the check collection and check-cashing fees and interest on a qualifying refinance (R.C. 1321.403). | No rollovers in the payday sense. A lender may refinance only into another short-term loan at no more than 28% interest and with no monthly maintenance fee (R.C. 1321.401). Prepaid or refinanced loans get a prorated refund of interest, maintenance fees and other charges (1321.402). | Not required |
| Oklahoma | Only longer installment-style loans allowed | "A licensee may only charge and collect a periodic interest rate not to exceed seventeen percent (17%) per month unless otherwise provided by this title." (59 O.S. 3150.10(B)). Loans must be fully amortized in substantially equal periodic payments and prepayable without penalty (3150.1(6)). Licensees may not use any device to obtain greater charges (3150.12(C)). | See state page | Not required |
| Oregon | Payday loans allowed, with limits | A payday lender may not "make or renew a payday loan at a rate of interest that exceeds 36 percent per annum, excluding a one-time origination fee" and may charge, over the life of the loan including all renewals, no more than one origination fee of "$10 per $100 of the loan amount or $30, whichever is less" (ORS 725A.064(1)-(2)). No other fees except the database cost pass-through and one dishonored-payment fee (725A.064(4); 725A.060(1)(c)-(d)). DFR states the maximum APR with fees is 153.77 percent. | At most two renewals of an existing payday loan (ORS 725A.064(6)); DFR: after two renewals the loan and interest must be paid in full. No second origination fee on renewals (725A.064(2)). | Not required |
| Pennsylvania | Typical payday loans not allowed | Loan Interest and Protection Law: "the maximum lawful rate of interest for the loan or use of money in an amount of fifty thousand dollars ($50,000) or less in all cases where no express contract shall have been made for a less rate shall be six per cent per annum", except as Article III provides (41 P.S. 201(a)). Lenders licensed under the Consumer Discount Company Act may charge, on loans up to $25,000, discount of no more than $9.50 per $100 per year plus a service charge capped at $150, or alternatively up to 2% per month on the unpaid balance (CDCA sections 13(E)-(F), 17.1(A)). | See state page | Not required |
| Rhode Island | Payday loans allowed, with limits | Deferred deposit transaction fees may not exceed 10% of the amount of funds advanced (§ 19-14.4-4(4), effective until January 1, 2027). | Maximum of one rollover; a rollover is an extension of the due date for payment of only an additional fee (§ 19-14.4-5.1(c), (g)). | Not required |
| South Carolina | Payday loans allowed, with limits | Fee may not exceed 15% of the principal amount of the transaction, imposed only once per written agreement (§ 34-39-180(E)). Licensee may pass on one-half of the database verification fee (fee capped at $1) (§ 34-39-270(H)). | Prohibited: a check may not be repaid from proceeds of another deferred presentment check by the same licensee or affiliate, and the licensee may not renew or extend presentment beyond the agreement date (§ 34-39-180(F)). | Required by law |
| South Dakota | Typical payday loans not allowed | No licensee may contract for or receive finance charges in excess of an annual rate of 36%, including all charges for any ancillary product or service and any other charge or fee incident to the extension of credit (SDCL § 54-4-44). | No more than four renewals of a short-term consumer loan; each requires paying the outstanding fee and reducing principal by at least 10% of the original amount (SDCL § 54-4-65). | Not required |
| Tennessee | Payday loans allowed, with limits | Fee may not exceed 15% of the face amount of the check (TDFI notice citing § 45-17-112(b)). | Loans may not be renewed or consolidated into a new loan; a transaction in violation is void and unenforceable (TDFI notice citing § 45-17-112(q)). | Not required |
| Texas | Payday loans allowed, with limits | A CAB 'may assess fees for its services as agreed to between the parties' (Tex. Fin. Code § 393.602(b)), and the Finance Commission and OCCC have no authority to limit CAB fees (§ 393.622(c)). The third-party lender's interest is generally limited by the 10% a year usury ceiling 'except as otherwise provided by law' (§ 302.001(b)). | No state limit found in ch. 393; the CAB must post a notice that refinancing instead of paying in full costs additional charges (§ 393.222(a)(3)). Houston: lump-sum loans may not be refinanced or renewed more than three times; installment loans may not be refinanced or renewed (city ordinance). | Not required |
| Utah | Payday loans allowed, with limits | No rate cap in the Act. Under the Utah Consumer Credit Code, parties 'may contract for payment by the debtor of any finance charge and other charges and fees' (Utah Code § 70C-2-101). Interest stops after 10 weeks (§ 7-23-401(4)(a)). | Allowed only at the borrower's request and only within the 10-week limit (§ 7-23-401(4)(b)-(c)); lender may not use a new loan to refinance around the 10-week limit (§ 7-23-401(4)(e)). | Required by law |
| Vermont | Typical payday loans not allowed | Legal rate 12% a year unless law provides otherwise; single-payment loans by lenders regulated under Title 8: finance charge may not exceed 18% a year; installment loans not otherwise covered: 24% on the first $1,000 and 12% above, or 18% APR on the whole balance, whichever is higher (9 V.S.A. § 41a). | See state page | Not required |
| Virginia | Only longer installment-style loans allowed | Interest at a simple annual rate not to exceed 36%, plus a monthly maintenance fee not exceeding the lesser of 8% of the original loan amount or $25 (subject to inflation adjustment by regulation, § 6.2-1817.1); returned-payment fee up to $25; late charge up to $20 (§ 6.2-1817). Total fees and charges may not exceed 50% of the loan amount for loans of $1,500 or less, or 60% for larger loans, excluding return and late fees (§ 6.2-1818.3). | Refinancing is allowed only into another short-term loan, with a prorated refund of fees (§§ 6.2-1818.1, 6.2-1818.2(F)); no other renewal or extension (§ 6.2-1816(6)). | Not required |
| Washington | Payday loans allowed, with limits | Interest and fees together may not exceed 15% of the first $500 of principal and 10% of principal over $500 (RCW 31.45.073(5)). | A lender may not let a borrower use a new small loan to pay off an existing small loan from the same lender or affiliate (WAC 208-630-544). | Required by law |
| West Virginia | Typical payday loans not allowed | Regulated consumer lenders: on a loan of $3,500 or less not secured by real property, the finance charge may not exceed 31% a year (W. Va. Code § 46A-4-107(2)); alternatively 31% plus a nonrefundable processing fee of up to 2% (§ 46A-4-107(7)). | See state page | Not required |
| Wisconsin | Payday loans allowed, with limits | No limit on interest before maturity: the statute 'imposes no limit on the interest that a licensee may charge before the maturity date' (§ 138.14(10)(a)1.). After maturity, no more than 2.75% per month (§ 138.14(10)(a)2.). | A loan may be repaid with the proceeds of one subsequent payday loan, but that subsequent loan may not be repaid with another payday loan; repaying and taking a new loan within 24 hours counts as proof of a violation (§ 138.14(12)(a)). | Required by law |
| Wyoming | Payday loans allowed, with limits | Finance charge may not exceed the greater of $30 or 20% per month on the principal balance; it is fully earned the day the loan is made (W.S. 40-14-363(a), (c)). | A loan may not be repaid, refinanced or consolidated with proceeds of another loan from the same post-dated check casher (W.S. 40-14-364). | Required by law |
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