Pennsylvania payday loan laws

Legal Status: Prohibited

Citation:
Check cashers are specifically prohibited from making payday loans. 63 Penn Stat. Ann. § 2325. Otherwise, Consumer Discount Company Act applies. 7 Pa. Stat. Ann. §§ 6201 et seq.

Small Loan Rate Cap
$9.50 per $100 per year interest, plus service charge of $1.50 per $50 per year, up to $150 if interest discounted.

Where to Complain, Get Information:
Regulator: Pennsylvania Department of Banking
Address: 17 N. Second Street, Suite 1300 Harrisburg, PA 17101
Phone: (800) 600-0007

Sourced from paydayloaninfo.org

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