Find Payday Loans in Pennsylvania
Pennsylvania joins 14 other states that do not authorize cash advance lending, considering them to be illegal. The Check Cashing Licensing Act of 1998 specifically prohibits payday loan creditors from issuing check cash advance loans. Otherwise, it is the Consumer Discount Company Act which is applicable. No new laws are currently pending.
This is not specified by Pennsylvania law.
Pennsylvania law does not set forth any loan terms.
The number of extensions that a borrower may request is not specified by Pennsylvania law.
A small loan annual interest rate cap of 24% applies to loans issued in Pennsylvania.
Pennsylvania statutes do not specify fee schedules and APR.