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Payday Loan Regulations By State

Many states enforce specific regulations on payday loans, so where you live can affect the terms and conditions of your loan, or prohibit you completely from getting a cash advance. For example, some states limit the amount of time you can take out a payday loan, while others set a maximum loan amount. Learn about the regulations in your state, and double check with your lender if you have any additional questions about how you can receive your next payday loan.

States Prohibiting Payday Loans
Some states prohibit payday loans, either explicitly or through small loan rate caps. Refer to the list below to find out if your state has any type of restrictions on payday loans.

Payday Loans Prohibited

Arizona Arkansas Connecticut Georgia Maryland
Massachusetts New York New Jersey North Carolina Pennsylvania
Vermont West Virginia Washington, DC

States With Small Loan Rate Caps
Rather than strictly prohibiting payday loans, the following states restrict the amount of annual interest charged on small loans. Some have an outright cap, while others provide for tiered rates depending on the loan amount and repayment time.

Colorado Maine Montana
New Hampshire Ohio Oregon

States With Few or No Regulations
The following states either have no regulations on payday loans or allow interest rates in the triple digits. These are the easiest states for consumers to receive payday loans.

Alabama Alaska California Delaware Florida
Hawaii Idaho Illinois Indiana Iowa
Kansas Kentucky Louisiana Michigan Minnesota
Mississippi Missouri Nebraska Nevada New Mexico
North Dakota Oklahoma South Carolina South Dakota Tennessee
Texas Utah Virginia Washington Wisconsin

For a full list of payday loan regulations listed by state, visit the National Conference of State Legislatures for a quick reference. Online lenders generally also list specific restrictions by state to help guide you through the loan application.

Valerie Mellema

Valerie Mellema
Author & writer

Article writer

Valerie is an adept writer with over 10 years of experience as a journalist. Her official launch into the journalism profession was as an Associate Editor for the College newspaper published in the Tulsa community. She has authored many books/guides. She has a degree from the West Texas A&M University. You can connect with Valerie on LinkedIn Read more about us »

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