Payday and installment Loan State Law Matrix As of July 1 ...

Small Loan Act 5-18-1 through 5-18-23 State Banking Department 3%/month on loans under $200; 2%/month on loans of $200-$1,000; account maintenance fee $3 per month if monthly payment is $30 or more; default fee not to exceed $18 or 5%. Alternate rates: acquisition charge on loans ................
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