Pennsylvania Cash Advance Laws & Regulations
Obtaining a payday loan in Pennsylvania is difficult due to current laws that have had the effect of removing payday lenders from the Pennsylvania landscape. Currently, many lenders are trying to find alternative ways to offer payday loans in the state without violating Pennsylvania law. Borrowers are advised to contact the Pennsylvania Banking Department for questions regarding their loans.
Here are some specific Pennsylvania regulations, to protect consumers from predatory lending in the payday loan industry:
- Maximum Payday Loan Term
N/A - Maximum Finance Charges and Fees
26% APR - Maximum Loan Amount
N/A - Number of Rollovers
N/A - Outstanding Loans Allowed at Once
N/A - Cool-Off Period
N/A
- Payment Plan
N/A - Collection Fees
NSF fee - Presentment Limit
One - Private Right of Action
Civil - Military Protection
N/A - Penalties
Arbitration, attorney fees, and all loan costs including late fees
References:
Pennsylvania Department of Banking
333 Market St., Suite 16
Harrisburg, PA 17101-2234
Phone: (717) 787-1854
Web: www.banking.state.pa.us/
Information by City
More Information about Pennsylvania
Latest News
Students Allowed to Make Fun of Teachers Outside of School Courts Decide
The Third Circuit Appeals Court has ruled in favor of a student who had been suspended for creating a MySpace page to mock his high school principal.
Estate Taxes in Flux State to State
Coupled with recent changes to numerous state inheritance taxes, the amount of money you can leave behind may vary quite a bit on the other side of the state line.
© 2012 CashAdvance.com All Rights Reserved.
CashAdvance.com is Hawk, LLC, which is a limited liability company chartered pursuant to the laws of the Ute Indian Tribe and is wholly owned by enrolled members of the Ute Indian Tribe. By your use of this website you consent to the laws and jurisdiction of the Ute Indian Tribe as it relates directly or indirectly to your use of this website.
Consumer Notice: A cash advance, also referred to as a payday loan or payday advance, is a small, short-term loan that is intended to cover a borrower's expenses until the following payday. Cash advances are intended for short-term financial relief and do not constitute long-term financial solutions. Consumers facing debt and credit difficulties should seek out debt and credit advisory help. Consumers are encouraged to consult our State Consumer Resource pages to learn more about the risks involved with cash advances, local laws and regulations that may be applicable to cash advances, possible loan alternatives and recent developments in their state.
Legal Disclaimer: This website does not constitute an offer or solicitation to lend. CashAdvance.com is not a lender, does not broker loans, and does not make loan or credit decisions. The operator of this Web Site is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. CashAdvance.com provides a service only and is not acting as a representative, agent, or correspondent for any service provider or lender. CashAdvance.com's aim is to inform users of possible lenders who may be able to satisfy the needs of a particular consumer. CashAdvance.com does not endorse any particular service provider, lender, nor loan product. You are under no obligation to use CashAdvance.com's service to initiate contact, nor apply for credit or any loan product with any service provider or lender. Service providers or lenders will typically not perform credit checks with the three major credit reporting bureaus: Experian, Equifax, or Trans Union. However, credit checks or consumer reports through alternative providers such as Teletrack or DP Bureau, which typically will not affect your credit score, may be obtained by some service providers or lenders, in certain circumstances. You will not be charged any fees to use CashAdvance.com's service. Learn more on our Rates & Fees section.
Availability: Residents of some states may not be eligible for a short term cash loan based upon lender requirements. CashAdvance.com does not guarantee that completing an inquiry form will result in you being matched with a service provider or lender, being offered a loan product with satisfactory rates or terms, nor receiving a loan from a service provider or lender.