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Best Loans in New Hampshire, Payday, Auto Title Laws 2020

EPF November 5, 2019

View All Studies [toc] New Hampshire’s Small Loan Statute requires licensed lenders to cap installment loans at $10,000. APRs are capped at 36% and include allowable annual charges – of

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Best Loans in Montana, Payday, Auto Title Laws 2020

EPF November 2, 2019

View All Studies [toc] Montana’s Consumer Loan Act requires licensed lenders to cap installment loan APRs at 36%. Deferral and delinquency charges are capped at 5% of the outstanding balance,

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Best Loans in Missouri, Payday, Auto Title Laws 2020

EPF November 2, 2019

View All Studies [toc] Missouri’s Trade and Commerce Act allows lenders and borrowers to freely negotiate installment loan terms. The state does not regulate loan amounts or maximum finance charges.

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Best Loans in Mississippi, Payday, Auto Title Laws 2020

EPF November 1, 2019

View All Studies [toc] Mississippi’s Small Loan Regulatory Law doesn’t place a limit on the amount of financing that can be extended to borrowers. However, finance charges for installment loans

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Best Loans in Minnesota, Payday, Auto Title Laws 2020

EPF November 1, 2019

View All Studies [toc] Minnesota’s Regulated Loan Act requires licensed lenders to cap installment loans at $100,000 and cap finance charges at 21.75%. However, licensed lenders also have the option

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Best Loans in Michigan, Payday, Auto Title Laws 2020

EPF October 27, 2019

View All Studies [toc] Michigan’s Credit Reform Act requires licensed lenders to cap installment loan APRs at 25%. However, loan amounts are not capped and are determined by the lender

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Best Loans in Massachusetts, Payday, Auto Title Laws 2020

EPF October 27, 2019

View All Studies [toc] Massachusetts Small Loan Regulatory Board caps APRs at 23% for loans of $6,000 or less. Administrative fees are also capped at $20 per year. Previously, small

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Best Loans in Maryland, Payday, Auto Title Laws 2020

EPF October 27, 2019

View All Studies [toc] Maryland’s Consumer Loan Law requires licensed lenders to limit loan proceeds to $25,000. Allowable interest rate charges also vary depending on the loan amount. For loans

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Best Loans in Maine, Payday, Auto Title Laws 2020

EPF October 25, 2019

View All Studies [toc] According to the Maine Consumer Credit Code, installment loans are capped at $35,000 and terms cannot exceed 25 months. Allowable finance charges include: 30% per year

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Best Loans in Louisiana, Payday, Auto Title Laws 2020

EPF October 25, 2019

View All Studies [toc] According to the Louisiana Consumer Credit Law, installment loans cannot exceed $35,000. Maximum finance charges are: 36% per year on the first $1,400. 27% per year

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