Payday Lending and the Law

Read this in: Spanish / Español

"Payday lenders" loan money for a fee when you write them a personal check, and the lender promises not to deposit your check for 14 to 31 days. The check you write to them will be for the amount borrowed plus the fee. This brochure provides answers to common questions about payday lenders.

Last Review and Update: Oct 17, 2023
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