Payday Loans Laws by State of September 2026
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Loans •
Last Update: September 1, 2026
| State: | Legal: | APR Regulations: | Loan Amount: | Loan Terms: | Cost per $100: | Small Loan Rate Cap: |
|---|---|---|---|---|---|---|
| State:Alabama | Legal:Yes | APR Regulations:456.25% | Loan Amount:$500 | Loan Terms:10 – 31 days | Cost per $100:$17.50 | Small Loan Rate Cap:N/A |
| State:Alaska | Legal:Yes | APR Regulations:520% | Loan Amount:$500 | Loan Terms:Min: 14 days | Cost per $100:$20 | Small Loan Rate Cap:N/A |
| State:Arizona | Legal:No | APR Regulations:N/A | Loan Amount:N/A | Loan Terms:N/A | Cost per $100:N/A | Small Loan Rate Cap:36% per year plus 5% fee |
| State:Arkansas | Legal:No | APR Regulations:N/A | Loan Amount:N/A | Loan Terms:N/A | Cost per $100:N/A | Small Loan Rate Cap:17% per year |
| State:California | Legal:Heavily Regulated | APR Regulations:459% | Loan Amount:$300 | Loan Terms:Max: 31 days | Cost per $100:$17.65 | Small Loan Rate Cap:N/A |
| State:Colorado | Legal:Heavily Regulated | APR Regulations:N/A | Loan Amount:$500 | Loan Terms:Min: 6 months | Cost per $100:$7.50 | Small Loan Rate Cap:N/A |
| State:Connecticut | Legal:No | APR Regulations:N/A | Loan Amount:N/A | Loan Terms:N/A | Cost per $100:N/A | Small Loan Rate Cap:30.03% APR or $17 per $100 up to $600; $11 per $100 up to $1,800; add-on interest |
| State:Delaware | Legal:Yes | APR Regulations:No Limit | Loan Amount:$500 per loan, $1,000 max per borrower at a one time | Loan Terms:Max: 60 days | Cost per $100:No Limit | Small Loan Rate Cap:N/A |
| State:Florida | Legal:Yes | APR Regulations:419% | Loan Amount:$500 | Loan Terms:7 – 31 days | Cost per $100:$16.11 | Small Loan Rate Cap:N/A |
| State:Georgia | Legal:No | APR Regulations:N/A | Loan Amount:N/A | Loan Terms:N/A | Cost per $100:N/A | Small Loan Rate Cap:16% per year (10% per year discounted plus fees); 60% per year criminal usury cap |
| State:Hawaii | Legal:Heavily Regulated | APR Regulations:459% | Loan Amount:$600 | Loan Terms:Max: 32 days | Cost per $100:$17.65 | Small Loan Rate Cap:N/A |
| State:Idaho | Legal:Yes | APR Regulations:No Limit | Loan Amount:$1,000 | Loan Terms:Not Specified | Cost per $100:N/A | Small Loan Rate Cap:N/A |
| State:Illinois | Legal:Heavily Regulated | APR Regulations:403% | Loan Amount:lesser of $1000 or 25% gross monthly income | Loan Terms:13 – 45 days | Cost per $100:$15.50 | Small Loan Rate Cap:N/A |
| State:Indiana | Legal:Heavily Regulated | APR Regulations:390% | Loan Amount:$550 or 20% of gross monthly income | Loan Terms:Min: 14 days | Cost per $100:$15 | Small Loan Rate Cap:N/A |
| State:Iowa | Legal:Heavily Regulated | APR Regulations:433% | Loan Amount:$500 | Loan Terms:Max: 31 days | Cost per $100:$16.67 | Small Loan Rate Cap:N/A |
| State:Kansas | Legal:Heavily Regulated | APR Regulations:390% | Loan Amount:$500 | Loan Terms:7 – 30 days | Cost per $100:$15 | Small Loan Rate Cap:N/A |
| State:Kentucky | Legal:Heavily Regulated | APR Regulations:459% | Loan Amount:$500 | Loan Terms:14 – 60 days | Cost per $100:$17.65 | Small Loan Rate Cap:N/A |
| State:Louisiana | Legal:Heavily Regulated | APR Regulations:780% | Loan Amount:$350 | Loan Terms:60 days or less | Cost per $100:$30 | Small Loan Rate Cap:N/A |
| State:Maine | Legal:Heavily Regulated | APR Regulations:N/A | Loan Amount:N/A | Loan Terms:N/A | Cost per $100:N/A | Small Loan Rate Cap:30% per year on amounts up to $2,000 or a fee of $5 for amounts financed up to $75; $15 for amounts financed $75.01-$249.99; or $25 for amounts financed of $250 or more. |
| State:Maryland | Legal:No | APR Regulations:N/A | Loan Amount:N/A | Loan Terms:N/A | Cost per $100:N/A | Small Loan Rate Cap:2.75% per month; 33% per year. |
| State:Massachusetts | Legal:No | APR Regulations:N/A | Loan Amount:N/A | Loan Terms:N/A | Cost per $100:N/A | Small Loan Rate Cap:23% plus $20 administrative fee upon the granting of a loan |
| State:Michigan | Legal:Heavily Regulated | APR Regulations:390% | Loan Amount:$600 | Loan Terms:Max: 31 days | Cost per $100:$15 | Small Loan Rate Cap:N/A |
| State:Minnesota | Legal:Heavily Regulated | APR Regulations:390% | Loan Amount:$350 | Loan Terms:Max: 30 days | Cost per $100:$15 | Small Loan Rate Cap:N/A |
| State:Mississippi | Legal:Heavily Regulated | APR Regulations:520% | Loan Amount:$500 | Loan Terms:Under $250: maximum of 30 days; $250 – $500: 28 – 30 days | Cost per $100:$20 | Small Loan Rate Cap:N/A |
| State:Missouri | Legal:Yes | APR Regulations:1950% | Loan Amount:$500 | Loan Terms:14 – 31 days | Cost per $100:$75 | Small Loan Rate Cap:N/A |
| State:Montana | Legal:Heavily Regulated | APR Regulations:36% | Loan Amount:$300 | Loan Terms:Max: 31 days | Cost per $100:$1.39 | Small Loan Rate Cap:N/A |
| State:Nebraska | Legal:Heavily Regulated | APR Regulations:459% | Loan Amount:$500 | Loan Terms:Max: 34 days | Cost per $100:$17.65 | Small Loan Rate Cap:N/A |
| State:Nevada | Legal:Yes | APR Regulations:No Limit | Loan Amount:25% of expected gross monthly income | Loan Terms:Max: 35 days; up to 90 days allowed if the initial agreement provides for installment payments and is not subject to extension | Cost per $100:No Limit | Small Loan Rate Cap:N/A |
| State:New Hampshire | Legal:Heavily Regulated | APR Regulations:36% | Loan Amount:$500 | Loan Terms:7 – 30 days | Cost per $100:$1.38 | Small Loan Rate Cap:N/A |
| State:New Jersey | Legal:No | APR Regulations:N/A | Loan Amount:N/A | Loan Terms:N/A | Cost per $100:N/A | Small Loan Rate Cap:30% per year |
| State:New Mexico | Legal:No | APR Regulations:175% | Loan Amount:N/A | Loan Terms:The minimum maturity period of 120 days | Cost per $100:N/A | Small Loan Rate Cap:N/A |
| State:New York | Legal:No | APR Regulations:N/A | Loan Amount:N/A | Loan Terms:N/A | Cost per $100:N/A | Small Loan Rate Cap:25% per year |
| State:North Carolina | Legal:No | APR Regulations:N/A | Loan Amount:N/A | Loan Terms:N/A | Cost per $100:N/A | Small Loan Rate Cap:36% per year |
| State:North Dakota | Legal:Yes | APR Regulations:520% | Loan Amount:$500 | Loan Terms:Max: 60 days | Cost per $100:$20 | Small Loan Rate Cap:N/A |
| State:Ohio | Legal:Heavily Regulated | APR Regulations:28% | Loan Amount:$500 | Loan Terms:Min: 31 days | Cost per $100:$1.08 | Small Loan Rate Cap:N/A |
| State:Oklahoma | Legal:Heavily Regulated | APR Regulations:390% | Loan Amount:$500 | Loan Terms:12 – 45 days | Cost per $100:$15 | Small Loan Rate Cap:N/A |
| State:Oregon | Legal:Yes | APR Regulations:156% | Loan Amount:Not specified | Loan Terms:Min: 31 days | Cost per $100:$13 for a 31-day loan | Small Loan Rate Cap:N/A |
| State:Pennsylvania | Legal:No | APR Regulations:N/A | Loan Amount:N/A | Loan Terms:N/A | Cost per $100:N/A | Small Loan Rate Cap:$9.50 per $100 per year for interest, plus a service charge of $1.50 per $100 per year. |
| State:Rhode Island | Legal:Yes | APR Regulations:260% | Loan Amount:$500 | Loan Terms:Min: 13 days | Cost per $100:$10 | Small Loan Rate Cap:N/A |
| State:South Carolina | Legal:Yes | APR Regulations:390% | Loan Amount:$550 | Loan Terms:Max: 31 days | Cost per $100:$15 | Small Loan Rate Cap:N/A |
| State:South Dakota | Legal:Yes | APR Regulations:No Limit | Loan Amount:$500 | Loan Terms:Not Specified | Cost per $100:No Limit | Small Loan Rate Cap:N/A |
| State:Tennessee | Legal:Yes | APR Regulations:459% | Loan Amount:$425 ($500 check) | Loan Terms:Max: 31 days | Cost per $100:$17.65 | Small Loan Rate Cap:N/A |
| State:Texas | Legal:Heavily Regulated | APR Regulations:309.47% | Loan Amount:Not specified | Loan Terms:7 – 31 days | Cost per $100:$11.87 | Small Loan Rate Cap:N/A |
| State:Utah | Legal:Yes | APR Regulations:No Limit | Loan Amount:No Limit | Loan Terms:May not exceed 10 weeks | Cost per $100:No Limit | Small Loan Rate Cap:N/A |
| State:Vermont | Legal:No | APR Regulations:N/A | Loan Amount:N/A | Loan Terms:N/A | Cost per $100:N/A | Small Loan Rate Cap:18% per year |
| State:Virginia | Legal:Heavily Regulated | APR Regulations:687.76% | Loan Amount:$500 | Loan Terms:Min: 2 pay periods | Cost per $100:$26.38 | Small Loan Rate Cap:N/A |
| State:Washington | Legal:Heavily Regulated | APR Regulations:390% | Loan Amount:$700 or 30% of gross monthly income, whichever is less | Loan Terms:Max: 45 days | Cost per $100:$15 | Small Loan Rate Cap:N/A |
| State:West Virginia | Legal:No | APR Regulations:N/A | Loan Amount:N/A | Loan Terms:N/A | Cost per $100:N/A | Small Loan Rate Cap:31% per year on a loan of $2,000 or less |
| State:Wisconsin | Legal:Yes | APR Regulations:No Limit | Loan Amount:Lesser of either $1,500 including fees or 35% gross monthly income | Loan Terms:90 days or less | Cost per $100:$30 | Small Loan Rate Cap:N/A |
| State:Wyoming | Legal:Yes | APR Regulations:780% | Loan Amount:Not Specified | Loan Terms:1 calendar month | Cost per $100:No Limit | Small Loan Rate Cap:N/A |
| State:Washington DC | Legal:No | APR Regulations:N/A | Loan Amount:N/A | Loan Terms:N/A | Cost per $100:N/A | Small Loan Rate Cap:24% per year |
