tax-returns-2018

5 Important Things You Need To Keep In Mind For The 2018 Tax Filing

We are already into the third quarter of 2018, which means you should stay pretentious about the tax reforms of this year which are believed to be the fate-changing reforms in the United States history. With the advent of Donald Trump, various modifications were made to the strategies and other aspects of the finances. Now, just Read more about 5 Important Things You Need To Keep In Mind For The 2018 Tax Filing[…]

Texas payday loan laws

Legal Status: Legal (Credit Access Businesses) Citation: 5 Tex. Fin. Code §§ 393 et seq.,  4 Tex. Fin. Code §§ 342.004 Loan Terms: Maximum Loan Amount: Not specified Loan Term: Up to 180 days for CAB agreement Maximum Finance Rate and Fees: No cap on Credit Access Business fees.  Lender interest capped at 10%. Finance Charge for 14-day $100 loan: No Read more about Texas payday loan laws[…]

Washington payday loan laws

Legal Status: Legal (Lender must have a small loan endorsement to their check casher license) Citation: Wash. Rev. Code Ann. 31.45.010 et seq. Loan Terms: Maximum Loan Amount: $700 or 30% of gross monthly income, whichever is less Loan Term: Max: 45 days Maximum Finance Rate and Fees: 15%: first $500; 10%: remaining portion of the loan in excess Read more about Washington payday loan laws[…]

Oregon payday loan laws

Legal Status: Legal (Lower Cost) Citation: 54 Or. Rev. Stat. § 725A.010 et seq. Loan Terms: Maximum Loan Amount: $50,000 (Loan limit up to 25%of borrower’s net monthly income if earns $60,000 per year or less.) Loan Term: 31 to 60 days Maximum Finance Rate and Fees: 36% APR interest, one-time $10 per $100 of loan origination fee, up to $30 Read more about Oregon payday loan laws[…]

Montana payday loan laws

Legal Status: Prohibited (Usury Cap) Citation: Mont. Code Ann. 31-1-701 (Payday Loan Law enacted prior to Ballot Initiative 164 that capped rates at 36% APR remains on the books.) Loan Terms: Maximum Loan Amount: $300, up to 25% of the monthly net income of the borrower Loan Term: Max: 31 days Maximum Finance Rate and Fees: 36% APR Finance Charge Read more about Montana payday loan laws[…]

Wyoming payday loan laws

Legal Status: Legal Citation: Wy. Stat. 40-14-362 et seq. Loan Terms: Maximum Loan Amount: Not Specified Maximum Loan Term: 1 calendar month Maximum Finance Rate and Fees: the greater of 20% per month or $30 Finance Charge for 14-day $100 loan: $30 APR for 14-day $100 loan: 780% Debt Limits: Maximum Number of Outstanding Loans at One Time: Not Specified Rollovers Permitted: None Read more about Wyoming payday loan laws[…]

Colorado payday loan laws

Legal Status: Legal (Lower Cost) Citation: Colo. Rev. Stat. 5-3.1-101 et seq. Loan Terms: Maximum Loan Amount: $500 Loan Term: Min: 6 Months Maximum Finance Rate and Fees: 20%: $0-$300 + 7.5%: $301-$500 plus 45% per annum interest plus monthly maintenance fee $7.50 per $100 borrowed, up to $30, after first month. Finance Charge for 14-day $100 loan: Not applicable APR Read more about Colorado payday loan laws[…]

New Mexico payday loan laws

Legal Status: Legal Citation: N.M. Stat. Ann. §§ 58-15-32 to 38 Loan Terms: Maximum Loan Amount: $2500 Loan Term: 35 days Maximum Finance Rate and Fees: $15.50 per $100; $.50 verification fee per $100 Finance Charge for 14-day $100 loan: $16 APR for 14-day $100 loan: 416% Debt Limits: Maximum Number of Outstanding Loans at One Time: Total loans and fees capped at Read more about New Mexico payday loan laws[…]

North Dakota payday loan laws

Legal Status: Legal Citation: N.D. Cent. Code 13-08-01 et seq. Loan Terms: Maximum Loan Amount: $500 Loan Term: Max: 60 days Maximum Finance Rate and Fees: 20% + databasing fee Finance Charge for 14-day $100 loan: $20 APR for 14-day $100 loan: 520% Debt Limits: Maximum Number of Outstanding Loans at One Time: Not Specified ($600 aggregate loans outstanding to all licensees) Read more about North Dakota payday loan laws[…]

DC Payday loan laws

Legal Status: Prohibited Citation: Amended D.C. Code Ann. 28-3301(a) and 26-319 (prohibits check cashers from payday lending) Small Loan Rate Cap 24% per year Where to Complain, Get Information: Regulator: D. C. Department of Insurance, Securities and Banking Address: 810 First Street, NE Suite 701 Washington DC 20002 Phone: (202) 727-8000  Fax: 202-535-1194 Sourced from paydayloaninfo.org