Payday Loans Laws In Your State

Almost everyone knows the principles behind obtaining payday loans and title loans. These types of financial products tend to come along with higher interest rates that can increase up to 300%, but in certain states they may even be more expensive.

If you want to take a loan like this one in your region, it's essential that you check out what state laws say regarding small personal financing options. To help you out with this task here is a comprehensive list per US State so make sure to review your own location before applying for any type of online loan!

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States Where Payday Loans Are Allowed (as of January 2023)

For the majority of states in America, payday loans are allowed. You can access single-payment online loans such as payday and other high-interest short-term borrowing without any limitations.

Payday Loans in Alabama

• Regulated by: State Banking Department
• Fees & Charges: 17.5% of advance amount
• Statute Citation: Alabama Code, §§ 5-18A-1 et seq.
• Rollovers: 1
• APR: 456%
• Maximum Loan Amount: $500
• Minimum Loan Term: 10 days
• Maximum Loan Term: 31 days

Payday Loans in Alaska

• Regulated by: Department of Commerce, Community & Economic Development
• Fees & Charges: 15% of loan amount + $5 non-refundable origination fee
• Statute Citation: Alaska Statute 06.50.010 et seq.
• Rollovers: 2
• APR: 435%
• Maximum Loan Amount: $500
• Minimum Loan Term: 14 days
• Maximum Loan Term: 14 days

Payday Loans in California

• Regulated by: Department of Business Oversight
• Fees & Charges: 15% of loan amount
• Statute Citation: California Civil Code 1789.30, California Financial Code, § 23000 et seq.
• Rollovers: None
• APR: 460%
• Maximum Loan Amount: $300 (customer's check)
• Minimum Loan Term: None
• Maximum Loan Term: 31 days

Payday Loans in Delaware

• Regulated By: State Banking Department
• Fees & Charges: No charge cap; max. 5 loans per 12 months
• Statutory Citation:Delaware Code Ann. Title 5, §2227 et seq.
• Rollovers: 4
• APR: 521%
• Maximum Loan Amount: $1,000
• Minimum Loan Term: None
• Maximum Loan Term: 60 days

Payday Loans in Florida

• Regulated By: Office of Financial Regulation
• Fees & Charges: 10% of loan amount + $5 transaction verification fee
• Statutory Citation:Fl. Stat. Ann. § 560.401 et seq.
• Rollovers: None
• APR: 304%
• Maximum Loan Amount: $500
• Minimum Loan Term: 7 days
• Maximum Loan Term: 31 days

Payday Loans in Hawaii

• Regulated By: Department of Commerce
• Fees & Charges: 15% of loan amount
• Statutory Citation:Hawaii Rev. Stat. Ann. §480F-1 et seq.
• Rollovers: None
• APR: 460%
• Maximum Loan Amount: $600
• Minimum Loan Term: None
• Maximum Loan Term: 32 days

Payday Loans in Idaho

• Regulated By: Department of Finance
• Fees & Charges: No charge cap
• Statutory Citation:Idaho Credit Code § 28-46-401 et seq.
• Rollovers: 3
• APR: 652%
• Maximum Loan Amount: $1,000; max. 25% of your gross monthly income
• Minimum Loan Term: None
• Maximum Loan Term: None

Payday Loans in Illinois

• Regulated By: Department of Financial and Professional Regulation
• Fees & Charges: $15.50 per $100 loaned + $1 database fee
• Statutory Citation: Illinois Administrative Code
• Rollovers: None; installment loans may be refinanced once under certain conditions
• APR: 404%
• Maximum Loan Amount: $1,000; 25% of gross monthly income for outstanding loans
• Minimum Loan Term: 13 days for payday loans; 112 days for installment loans
• Maximum Loan Term: 120 days

Payday Loans in Indiana

• Regulated By: Department of Financial Institutions
• Fees & Charges: 15% on first $250; 13% on amounts between $250-$400; 10% on amount greater than $400; $25 NSF fee
• Statutory Citation:Ind. Code §24-4.5-7-101 et seq.
• Rollovers: None
• APR: 382%
• Maximum Loan Amount: $605; max. 20% of gross monthly income, including fees
• Minimum Loan Term: 14 days
• Maximum Loan Term: None

Payday Loans in Iowa

• Regulated By: Division of Banking
• Fees & Charges: $15 on first $100 on check face amount; $10 on each $100 thereafter on check face amount
• Statutory Citation:Iowa Code §533D.1 et seq.
• Rollovers: None
• APR: 337%
• Maximum Loan Amount: $500 (maximum amount of customer's check)
• Minimum Loan Term: None 
• Maximum Loan Term: 31 days

Payday Loans in Kansas

• Regulated By: Office of the State Bank Commissioner
• Fees & Charges: 15% of cash advance amount
• Statutory Citation:Kansas Statutes Annotated Section 16a-2-404
• Rollovers: None
• APR: 391%
• Maximum Loan Amount: $500
• Minimum Loan Term: 7 days
• Maximum Loan Term: 30 days

Payday Loans in Kentucky

• Regulated By: Department of Financial Institutions
• Fees & Charges: $15 per $100 loaned + $1 database fee
• Statutory Citation:Ky. Rev. Stat. Ann. §286.9-010 et seq.
• Rollovers: None
• APR: 460%
• Maximum Loan Amount: $500; max. 2 transactions
• Minimum Loan Term: 14 days
• Maximum Loan Term: 60 days

Payday Loans in Louisiana

• Regulated By: Office of Financial Institutions
• Fees & Charges: 16.75% of loan amount + $10 documentation fee per transaction (the maximum fee is $45)
• Statutory Citation:La. Stat. Ann. §9:3578.1 et seq.
• Rollovers: allowed in case the customer pays 25% of the outstanding amount and additional fees
• APR: 391%
• Maximum Loan Amount: $350
• Minimum Loan Term: None
• Maximum Loan Term: 30 days

Payday Loans in Maine

• Regulated By: The Bureau of Consumer Credit Protection
• Fees & Charges: $5 on first $75; $15 on amounts between $75-$250; $25 on amount greater than $250
• Statutory Citation:Me. Rev. Stat. tit. 9-A § 1-201,  2-401
• Rollovers: None
• APR: 30% (actual rate is 217%)
• Maximum Loan Amount: $2,000
• Minimum Loan Term: None
• Maximum Loan Term: None

Payday Loans in Michigan

• Regulated By: Department of Insurance & Financial Services
• Fees & Charges: 15% on first $100; 14% on second $100; 13% on third $100; 12% on fourth $100; 11% on fifth $100; and 11% on sixth $100
• Statutory Citation:Mich. Comp. Laws §487.2121 et seq.
• Rollovers: None
• APR: 369%
• Maximum Loan Amount: $600
• Minimum Loan Term: 7 days
• Maximum Loan Term: 31 days

Payday Loans in Minnesota

• Regulated By: Department of Commerce
• Fees & Charges: $5.50 on amounts $0-50; 10% on amounts $51-100; 7% (or $10 min.) on amounts $101-250; 6% (or $17.50 min.) on amounts $251-350; $5 administration fee
• Statutory Citation:Minn. Stat. §47.60
• Rollovers: None
• APR: 200%
• Maximum Loan Amount: $350
• Minimum Loan Term: None
• Maximum Loan Term: 30 days

Payday Loans in Mississippi

• Regulated By: Department of Banking & Consumer Finance
• Fees & Charges: $20 per $100 for loan amount not exceeding $250; $21.95 per $100 for loan amount of $250-$500
• Statutory Citation:Miss. Code Ann. §75-67-501 et seq.
• Rollovers: None
• APR: 521%
• Maximum Loan Amount: $500
• Minimum Loan Term: 28 days (for loans between $250-$500)
• Maximum Loan Term: 30 days

Payday Loans in Missouri

• Regulated By: Department of Insurance, Financial Institutions & Professional Regulation, Division of Finance
• Fees & Charges: Total fees for initial loan and all renewals may not exceed 75% of initial loan amount
• Statutory Citation: Mo. Rev. Stat. §408.500 et seq.
• Rollovers: Up to 6 (but a 5% minimum of principal needs shall be paid each time)
• APR: 443%
• Maximum Loan Amount: $500
• Minimum Loan Term: 14 days
• Maximum Loan Term: 31 days

Payday Loans in Nebraska

• Regulated By: Department of Banking & Finance
• Fees & Charges: $15 per $100 of loan amount
• Statutory Citation:Neb. Rev. Stat. §45-901 et seq.
• Rollovers: None
• APR: 460%
• Maximum Loan Amount: $500
• Minimum Loan Term: None
• Maximum Loan Term: 34 days

Payday Loans in Nevada

• Regulated By: Department of Business & Industry
• Fees & Charges: No charge cap
• Statutory Citation:Nev. Rev. Stat. 604A.010 et seq.
• Rollovers: The existing limit is 10 weeks after the end of initial loan period
• APR: Unlimited
• Maximum Loan Amount: Max. 25% of gross monthly income
• Minimum Loan Term: None
• Maximum Loan Term: 35 days

Payday Loans in Ohio

• Regulated By: Division of Financial Institutions
• Fees & Charges: Small Loan Act: 5% or $5 late charge; 1% loan fee of principal or $15 on $500 or less loan, whichever is greater and 1% of principal or $30 on principal above $500; $20 NSF fee. OMLA: $10 credit fee; 5% or $15, whichever is greater, default charge; loan fee $15 on $500 loan amount or less, $30 on amounts of $501-$1,000; $100 on amounts of $1,001-$5,000; 1% or $250, whichever is higher, on loans above $5,001; $20 NSF fee
• Statutory Citation:Ohio Mortgage Loan Act: 1321.51
• Rollovers: N/A
• APR: 28% APR on unpaid principal up to $1,000; 22% APR on unpaid principal exceeding $1,000; 21% or 25% using the alternative as long as rate is contained in contract;
• Maximum Loan Amount: $1,000
• Minimum Loan Term: None
• Maximum Loan Term: 1 year

Payday Loans in Oklahoma

• Regulated By: Department of Consumer Credit
• Fees & Charges: $15 per $100 loaned up to first $300; $10 per $100 loaned for amounts exceeding $300; lender's database cost
• Statutory Citation:Okla. Stat. title 59 §3101 et seq.
• Rollovers: None; transaction is considered a renewal if customer pays off an existing loan with the proceeds of a loan from another lender
• APR: 395%
• Maximum Loan Amount: $500
• Minimum Loan Term: 12 days
• Maximum Loan Term: 45 days

Payday Loans in Rhode Island

• Regulated By: Department of Business Regulation
• Fees & Charges: 10% of loan amount
• Statutory Citation:R.I. Gen. Laws §19-14.4-1 et seq.
• Rollovers: 1
• APR: 261%
• Maximum Loan Amount: $500 (maximum amount of customer's check)
• Minimum Loan Term: 13 days
• Maximum Loan Term: None

Payday Loans in South Carolina

• Regulated By: State Board of Financial Institutions
• Fees & Charges: 15% of loan amount + one half of lender's database cost
• Statutory Citation:SC Code Ann. §34-39-110 et seq.
• Rollovers: None
• APR: 391%
• Maximum Loan Amount: $550
• Minimum Loan Term: None
• Maximum Loan Term: 31 days

Payday Loans in South Dakota

• Regulated By: Department of Labor & Regulation
• Fees & Charges: $1.39 for a $100 loan given for 2 weeks
• Statutory Citation:SD Codified Laws §54-4-36 et seq.
• Rollovers: Allowed only if the principal loan is repaid (max. 4 renewals)
• APR: 36%
• Maximum Loan Amount: $500
• Minimum Loan Term: None
• Maximum Loan Term: None

Payday Loans in Tennessee

• Regulated By: Department of Financial Institutions
• Fees & Charges: 15% of loan amount
• Statutory Citation:T.C.A. §45-17-101 et seq.
• Rollovers: None
• APR: 460%
• Maximum Loan Amount: $500
• Minimum Loan Term: None
• Maximum Loan Term: 31 days

Payday Loans in Texas

• Regulated By: Office of Consumer Credit Commissioner
• Fees & Charges: $20 for loan less than $100; $18 per year for $300 loans; $8 per year on $301-$2,500 loans; $25 fee for loans exceeding $1,000
• Statutory Citation:Consumer Loans: Title 4, Subtitle B, Chapter 342
• Rollovers: N/A
• APR: 662%
• Maximum Loan Amount: max. amount is computed under Subchapter C, Chapter 341, using the reference base amount of $100, except that for loans that are subject to §342.259 the reference base amount is $200.
• Minimum Loan Term: None
• Maximum Loan Term: None

Payday Loans in Utah

• Regulated By: Department of Financial Institutions
• Fees & Charges: No charge cap
• Statutory Citation:Utah Code §7-23-101 et seq.
• Rollovers: Yes, none beyond 10 weeks after execution
• APR: 658%
• Maximum Loan Amount: None
• Minimum Loan Term: None
• Maximum Loan Term: None

Payday Loans in Virginia

• Regulated By: Bureau of Financial Institutions
• Fees & Charges: 20% of loan amount + verification fee not to exceed $5 per loan
• Statutory Citation:Va. Code Ann. §6.2-1800 et seq
• Rollovers: None
• APR: 36% (can reach 601%)
• Maximum Loan Amount: $500
• Minimum Loan Term: None
• Maximum Loan Term: 70 days

Payday Loans in Washington

• Regulated By: Department of Financial Institutions
• Fees & Charges: 15% of loan amount for first $500; 10% for amounts of $500-$700
• Statutory Citation:RCW §31-45-010 et seq.
• Rollovers: None
• APR: 391%
• Maximum Loan Amount: $700 or 30% of gross monthly income, whichever is lower
• Minimum Loan Term: None, due date must be on or after next pay date
• Maximum Loan Term: 45 days

Payday Loans in Wisconsin

• Regulated By: Department of Financial Institutions
• Fees & Charges: No charge cap (post maturity interest limited to 2.75% per month)
• Statutory Citation:Wis. Stat. §138.14
• Rollovers: 1
• APR: 547%
• Maximum Loan Amount: Aggregate liability (principal, interest and fees to all licensees) may not be more than $1,500 or 35% of customer's gross monthly income, whichever is less
• Minimum Loan Term: None
• Maximum Loan Term: 90 days

Payday Loans in Wyoming

• Regulated By: Department of Audit
• Fees & Charges: $30 or 20% per month on the principal balance (whichever is greater)
• Statutory Citation:WY. Stat. Ann. §40-14-362 et seq.
• Rollovers: None
• APR: 261%
• Maximum Loan Amount: None
• Minimum Loan Term: None
• Maximum Loan Term: 1 month

States Where Payday Loans Are Restricted (as of January 2023)

In certain jurisdictions, Payday lending is permitted with stipulations. These may include limitations on loan amounts and interest rates, as well as constraints on rollovers and the maximum repayment period.

Payday Loans in Colorado

• Regulating by: Attorney General
• Fees & Charges: 20% of first $300 and 7.5% above $300 loans + monthly maintenance fee $7.50 per $100 loaned
• Statute Citation: Colorado Revised Statutes § 5-3.1-101 (Deferred Deposit Loan Act)
• Rollovers: 1
• APR: 36%
• Maximum Loan Amount: $500
• Minimum Loan Term: 6 months
• Maximum Loan Term: None

Payday Loans in Montana

• Regulated By: Department of Administration
• Fees & Charges: min. $15 for amounts between $75-$250; $25 for amounts higher than $250.
• Statutory Citation:Montana Stat. 31-1-701 et seq
• Rollovers: N/A
• APR: 36% per year for amounts up to $2,000
• Maximum Loan Amount: $300
• Minimum Loan Term: 14 days
• Maximum Loan Term: 31 days

Payday Loans in New Hampshire

• Regulated By: Banking Department
• Fees & Charges: max. 36% APR including fees
• Statutory Citation:N.H. Rev. Stat. Ann. 399-A:1
• Rollovers: None
• APR: 36%
• Maximum Loan Amount: $500
• Minimum Loan Term: 7 days
• Maximum Loan Term: 30 days

Payday Loans in North Dakota

• Regulated By: Department of Financial Institutions
• Fees & Charges: 20% of loan amount
• Statutory Citation:ND Cent. Code §13-08-01 et seq.
• Rollovers: 1 renewal allowed for 15 days min.
• APR: 487%
• Maximum Loan Amount: $600
• Minimum Loan Term: Nope
• Maximum Loan Term: 60 days

Payday Loans in Oregon

• Regulated By: Department of Consumer & Business Service
• Fees & Charges: one-time 10% origination fee up to a maximum of $30 for a new loan
• Statutory Citation:54 Or. Rev. Stat. § 725A.064
• Rollovers: None
• APR: 154%
• Maximum Loan Amount: $50,000
• Minimum Loan Term: 31 days
• Maximum Loan Term: 60 days

States Where Payday Loans Are Prohibited (as of January 2023)

Residents of Arizona, Arkansas, Connecticut, Georgia, Maryland, Massachusetts, New Jersey, New Mexico, New York, North Carolina, Pennsylvania, Vermont, and West Virginia are not able to utilize payday lending services.

Payday Loans in Arizona

• Payday loans are banned in Arizona.

Payday Loans in Arkansas

• Payday loans are banned in Arkansas.

Payday Loans in Connecticut

• Payday loans are banned in Connecticut.

Payday Loans in District of Columbia

• Payday loans are banned in the District of Columbia.

Payday Loans in Georgia

• Payday loans are banned in  Georgia.

Payday Loans in Maryland

• Payday loans are banned in Maryland.

Payday Loans in Massachusetts

• Payday loans are banned in Massachusetts.

Payday Loans in New Jersey

• Payday loans are banned in New Jersey.

Payday Loans in New Mexico

• Payday loans are banned in New Mexico.

Payday Loans in New York

• Payday loans are banned in New York.

Payday Loans in North Carolina

• Payday loans are banned in North Carolina.

Payday Loans in Pennsylvania

• Payday loans are banned in Pennsylvania.

Payday Loans in Vermont

• Payday loans are banned in Vermont.

Payday Loans in West Virginia

• Payday loans are banned in West Virginia.