Payday loan rules by state

Updated November 2026 · By Payday Loans Reviews Editorial Team · Not a lender

Payday loans are legal in 27 states and banned in 23. If you live where they are allowed, you can borrow, but state law sets hard limits on how much, how long, and what it costs. Our directory lists 8,499 loan storefronts across all 50 states.

These are small-dollar, short-term loans meant to bridge a gap until your next paycheck. They are not installment loans you pay back over months. Because fees are charged as a flat dollar amount per $100 borrowed rather than interest that builds slowly, the APR can be high even when the dollar cost looks small.

Payday loan rules by state
State	Max loan	Finance charge cap	Max term	Typical APR	Rollovers
Alabama	$500	17.5% of advanced amount	31 days	~456%	1 rollover allowed
Finance charge cap 17.5% of advanced amount Max term 31 days Typical APR ~456% Rollovers 1 rollover allowed Min loan term 10 days Max absolute fee $87.50 Simultaneous loans No limit (Max $500 total) Right to rescind Next business day Governing law Alabama Deferred Presentment Services Act Regulator AL State Banking Dept
Alaska	$500	15% of advance + $5 fee	N/A	~435%	Prohibited
Finance charge cap 15% of advance + $5 fee Max term N/A Typical APR ~435% Rollovers Prohibited Min loan term 14 days Max absolute fee $80 Simultaneous loans Max $500 total limit Right to rescind Next business day Governing law Alaska Deferred Deposit Advances Act Regulator AK Div. of Banking
Arizona	Prohibited	Capped at 36% APR	N/A	< 36%	Prohibited
Finance charge cap Capped at 36% APR Max term N/A Typical APR < 36% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law Arizona Usury Law (36% Cap) Regulator AZ Dept of Ins. & Fin. Inst.
Arkansas	Prohibited	Capped at 17% APR (State Constitution)	N/A	< 17%	Prohibited
Finance charge cap Capped at 17% APR (State Constitution) Max term N/A Typical APR < 17% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law Arkansas Constitution Amendment 89 Regulator AR State Bank Dept
California	$300	15% of check face value	31 days	~460%	Prohibited
Finance charge cap 15% of check face value Max term 31 days Typical APR ~460% Rollovers Prohibited Min loan term 7 days Max absolute fee $45 Simultaneous loans 1 active loan Right to rescind Next business day Governing law California Deferred Deposit Transaction Law Regulator CA DFPI
Colorado	Prohibited	Capped at 36% APR	N/A	< 36%	Prohibited
Finance charge cap Capped at 36% APR Max term N/A Typical APR < 36% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law Colorado Proposition 111 (2018) Regulator CO Div. of Banking
Connecticut	Prohibited	Capped at 12% APR (Usury limit)	N/A	< 12%	Prohibited
Finance charge cap Capped at 12% APR (Usury limit) Max term N/A Typical APR < 12% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law Connecticut Small Loan Law Regulator CT Dept of Banking
Delaware	$1,000	No state limit	60 days	~521%+	Up to 4
Finance charge cap No state limit Max term 60 days Typical APR ~521%+ Rollovers Up to 4 Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind Next business day Governing law Delaware Code Tit. 5 § 2227 Regulator DE State Bank Commissioner
Florida	$500	10% of check + $5 fee	31 days	~304%	Prohibited
Finance charge cap 10% of check + $5 fee Max term 31 days Typical APR ~304% Rollovers Prohibited Min loan term 7 days Max absolute fee $55 Simultaneous loans 1 active loan Right to rescind Next business day Governing law Florida Deferred Presentment Act Regulator FL Office of Financial Reg.
Georgia	Prohibited	Capped at 16% APR (Payday Lending Ban)	N/A	< 16%	Prohibited
Finance charge cap Capped at 16% APR (Payday Lending Ban) Max term N/A Typical APR < 16% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law Georgia Payday Lending Act Regulator GA Dept of Banking & Fin.
Hawaii	Prohibited	Capped at 36% APR (2021 Law)	N/A	< 36%	Prohibited
Finance charge cap Capped at 36% APR (2021 Law) Max term N/A Typical APR < 36% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law Hawaii Installment Loan Act Regulator HI Div. of Fin. Inst.
Idaho	$1,000 or 25% of gross income	No strict state limit	N/A	~652%+	Up to 3
Finance charge cap No strict state limit Max term N/A Typical APR ~652%+ Rollovers Up to 3 Min loan term N/A Max absolute fee N/A Simultaneous loans No state limit Right to rescind Next business day Governing law Idaho Payday Loan Act Regulator ID Dept of Finance
Illinois	Prohibited	Capped at 36% APR (PLPA 2021)	N/A	< 36%	Prohibited
Finance charge cap Capped at 36% APR (PLPA 2021) Max term N/A Typical APR < 36% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law Predatory Loan Prevention Act Regulator IL IDFPR
Indiana	$605	15% up to $250; 13% $251-$400; 10% $401+	N/A	~382%	Prohibited
Finance charge cap 15% up to $250; 13% $251-$400; 10% $401+ Max term N/A Typical APR ~382% Rollovers Prohibited Min loan term 14 days Max absolute fee Varies Simultaneous loans 2 active loans Right to rescind Next business day Governing law Indiana Small Loan Act Regulator IN Dept of Fin. Inst.
Iowa	$500	$15 on first $100; $10 per subsequent $100	31 days	~337%	Prohibited
Finance charge cap $15 on first $100; $10 per subsequent $100 Max term 31 days Typical APR ~337% Rollovers Prohibited Min loan term N/A Max absolute fee $55 Simultaneous loans 2 active loans Right to rescind Next business day Governing law Iowa Delayed Deposit Services Act Regulator IA Div. of Banking
Kansas	$500	15% of cash advanced	30 days	~391%	Prohibited
Finance charge cap 15% of cash advanced Max term 30 days Typical APR ~391% Rollovers Prohibited Min loan term 7 days Max absolute fee $75 Simultaneous loans 2 active loans Right to rescind Next business day Governing law Kansas Consumer Credit Code Regulator KS State Bank Commissioner
Kentucky	$500	$15 per $100 advanced	60 days	~391%	Prohibited
Finance charge cap $15 per $100 advanced Max term 60 days Typical APR ~391% Rollovers Prohibited Min loan term 14 days Max absolute fee $75 Simultaneous loans 2 active loans Right to rescind Next business day Governing law Kentucky Deferred Deposit Transactions Act Regulator KY Dept of Fin. Inst.
Louisiana	$350	16.75% of face value + $10 doc fee	30 days	~780%	Prohibited
Finance charge cap 16.75% of face value + $10 doc fee Max term 30 days Typical APR ~780% Rollovers Prohibited Min loan term N/A Max absolute fee $68.62 Simultaneous loans N/A Right to rescind Next business day Governing law LA Deferred Presentment and Small Loan Act Regulator LA Office of Fin. Inst.
Maine	Prohibited	Capped at 30% APR	N/A	< 30%	Prohibited
Finance charge cap Capped at 30% APR Max term N/A Typical APR < 30% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law Maine Consumer Credit Code Regulator ME Bureau of Cons. Credit
Maryland	Prohibited	Capped at 33% APR	N/A	< 33%	Prohibited
Finance charge cap Capped at 33% APR Max term N/A Typical APR < 33% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law Maryland Consumer Loan Law Regulator MD Office of Fin. Reg.
Massachusetts	Prohibited	Capped at 23% APR	N/A	< 23%	Prohibited
Finance charge cap Capped at 23% APR Max term N/A Typical APR < 23% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law Massachusetts Small Loan Act Regulator MA Div. of Banks
Michigan	$600	15% up to $100; scaled down for larger amounts	31 days	~369%	Prohibited
Finance charge cap 15% up to $100; scaled down for larger amounts Max term 31 days Typical APR ~369% Rollovers Prohibited Min loan term N/A Max absolute fee Varies Simultaneous loans 1 active loan Right to rescind Next business day Governing law MI Deferred Presentment Service Act Regulator MI DIFS
Minnesota	Prohibited	Capped at 36% APR (2023 Law)	N/A	< 36%	Prohibited
Finance charge cap Capped at 36% APR (2023 Law) Max term N/A Typical APR < 36% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law Minnesota Small Loan Statute Regulator MN Dept of Commerce
Mississippi	$500	$20 per $100 advanced	30 days	~521%	Prohibited
Finance charge cap $20 per $100 advanced Max term 30 days Typical APR ~521% Rollovers Prohibited Min loan term N/A Max absolute fee $100 Simultaneous loans N/A Right to rescind Next business day Governing law Mississippi Check Cashers Act Regulator MS Dept of Banking
Missouri	$500	75% of initial loan amount	31 days	~462%	Up to 6
Finance charge cap 75% of initial loan amount Max term 31 days Typical APR ~462% Rollovers Up to 6 Min loan term 14 days Max absolute fee N/A Simultaneous loans N/A Right to rescind Next business day Governing law Missouri Small Loan Act Regulator MO Div. of Finance
Montana	Prohibited	Capped at 36% APR	N/A	< 36%	Prohibited
Finance charge cap Capped at 36% APR Max term N/A Typical APR < 36% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law Montana Deferred Deposit Loan Act Regulator MT Div. of Banking
Nebraska	Prohibited	Capped at 36% APR (2020 Ballot)	N/A	< 36%	Prohibited
Finance charge cap Capped at 36% APR (2020 Ballot) Max term N/A Typical APR < 36% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law Nebraska Delayed Deposit Services Act Regulator NE Dept of Banking
Nevada	25% of gross income	No strict state limit	35 days	~652%+	Permitted (up to 60 days total)
Finance charge cap No strict state limit Max term 35 days Typical APR ~652%+ Rollovers Permitted (up to 60 days total) Min loan term N/A Max absolute fee N/A Simultaneous loans No state limit Right to rescind Next business day Governing law Nevada Deferred Deposit Loan Law Regulator NV Fin. Inst. Div.
New Hampshire	Prohibited	Capped at 36% APR	N/A	< 36%	Prohibited
Finance charge cap Capped at 36% APR Max term N/A Typical APR < 36% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law NH Small Loan Law Regulator NH State Banking Dept
New Jersey	Prohibited	Capped at 30% APR (Criminal Usury)	N/A	< 30%	Prohibited
Finance charge cap Capped at 30% APR (Criminal Usury) Max term N/A Typical APR < 30% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law New Jersey Consumer Finance Act Regulator NJ Dept of Banking
New Mexico	Prohibited	Capped at 36% APR (2022 Law)	N/A	< 36%	Prohibited
Finance charge cap Capped at 36% APR (2022 Law) Max term N/A Typical APR < 36% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law New Mexico Bank Installment Loan Act Regulator NM Fin. Inst. Div.
New York	Prohibited	Capped at 25% APR (Criminal Usury)	N/A	< 25%	Prohibited
Finance charge cap Capped at 25% APR (Criminal Usury) Max term N/A Typical APR < 25% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law New York Penal Law Section 190.40 Regulator NY DFS
North Carolina	Prohibited	Capped at 15% APR	N/A	< 15%	Prohibited
Finance charge cap Capped at 15% APR Max term N/A Typical APR < 15% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law North Carolina Consumer Finance Act Regulator NC Comm. of Banks
North Dakota	$500	20% of amount advanced	60 days	~521%	1 allowed
Finance charge cap 20% of amount advanced Max term 60 days Typical APR ~521% Rollovers 1 allowed Min loan term N/A Max absolute fee $100 Simultaneous loans N/A Right to rescind Next business day Governing law North Dakota Deferred Presentment Act Regulator ND Dept of Fin. Inst.
Ohio	$1,000	28% APR + max $20 monthly fee	1 year	~28%	Prohibited
Finance charge cap 28% APR + max $20 monthly fee Max term 1 year Typical APR ~28% Rollovers Prohibited Min loan term 91 days Max absolute fee Varies Simultaneous loans 1 active loan Right to rescind Up to 3 days Governing law Ohio Short-Term Loan Act Regulator OH Dept of Commerce
Oklahoma	$500	$15 per $100 advanced	45 days	~391%	Prohibited
Finance charge cap $15 per $100 advanced Max term 45 days Typical APR ~391% Rollovers Prohibited Min loan term 12 days Max absolute fee $75 Simultaneous loans 2 active loans Right to rescind Next business day Governing law Oklahoma Deferred Deposit Lending Act Regulator OK Dept of Cons. Credit
Oregon	$500	Capped at 36% APR + $10 per $100 max fee	60 days	~154%	Prohibited
Finance charge cap Capped at 36% APR + $10 per $100 max fee Max term 60 days Typical APR ~154% Rollovers Prohibited Min loan term 31 days Max absolute fee $50 Simultaneous loans N/A Right to rescind Next business day Governing law Oregon Consumer Finance Act Regulator OR Div. of Fin. Reg.
Pennsylvania	Prohibited	Capped at 24% APR	N/A	< 24%	Prohibited
Finance charge cap Capped at 24% APR Max term N/A Typical APR < 24% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law Pennsylvania Consumer Discount Company Act Regulator PA Dept of Banking
Rhode Island	$500	10% of check amount	N/A	~261%	1 allowed
Finance charge cap 10% of check amount Max term N/A Typical APR ~261% Rollovers 1 allowed Min loan term 13 days Max absolute fee $50 Simultaneous loans Max 3 per year total Right to rescind Next business day Governing law Rhode Island Check Cashing Act Regulator RI Dept of Bus. Reg.
South Carolina	$500	15% of face value	31 days	~391%	Prohibited
Finance charge cap 15% of face value Max term 31 days Typical APR ~391% Rollovers Prohibited Min loan term N/A Max absolute fee $75 Simultaneous loans 1 active loan Right to rescind Next business day Governing law SC Deferred Presentment Services Act Regulator SC Board of Fin. Inst.
South Dakota	Prohibited	Capped at 36% APR (2016 Ballot)	N/A	< 36%	Prohibited
Finance charge cap Capped at 36% APR (2016 Ballot) Max term N/A Typical APR < 36% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law South Dakota Codified Laws (36% Cap) Regulator SD Div. of Banking
Tennessee	$500	15% of check amount	31 days	~460%	Prohibited
Finance charge cap 15% of check amount Max term 31 days Typical APR ~460% Rollovers Prohibited Min loan term N/A Max absolute fee $75 Simultaneous loans 2 active loans Right to rescind Next business day Governing law Tennessee Deferred Presentment Services Act Regulator TN Dept of Fin. Inst.
Texas	No limit (CSO Model)	No state cap (fees set by city ordinances)	180 days	~662%+	Permitted (varies)
Finance charge cap No state cap (fees set by city ordinances) Max term 180 days Typical APR ~662%+ Rollovers Permitted (varies) Min loan term 7 days Max absolute fee Varies Simultaneous loans No state limit Right to rescind N/A Governing law Texas Credit Services Organization Act Regulator TX OCCC
Utah	No state limit	No state limit	10 weeks	~652%+	Up to 10 weeks
Finance charge cap No state limit Max term 10 weeks Typical APR ~652%+ Rollovers Up to 10 weeks Min loan term N/A Max absolute fee N/A Simultaneous loans No state limit Right to rescind Next business day Governing law Utah Deferred Deposit Lending Reg. Act Regulator UT Dept of Fin. Inst.
Vermont	Prohibited	Capped at 18% APR	N/A	< 18%	Prohibited
Finance charge cap Capped at 18% APR Max term N/A Typical APR < 18% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law Vermont Small Loan Law Regulator VT Dept of Fin. Reg.
Virginia	Prohibited	Capped at 36% APR (Fairness in Lending Act)	N/A	< 36%	Prohibited
Finance charge cap Capped at 36% APR (Fairness in Lending Act) Max term N/A Typical APR < 36% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law Virginia Fairness in Lending Act (2020) Regulator VA SCC
Washington	$700 or 30% of income	15% up to $500; 10% above	45 days	~390%	Prohibited
Finance charge cap 15% up to $500; 10% above Max term 45 days Typical APR ~390% Rollovers Prohibited Min loan term N/A Max absolute fee $95 Simultaneous loans Max 8 loans per year Right to rescind Next business day Governing law Washington Check Cashers and Sellers Act Regulator WA State DFI
West Virginia	Prohibited	Capped at 31% APR	N/A	< 31%	Prohibited
Finance charge cap Capped at 31% APR Max term N/A Typical APR < 31% Rollovers Prohibited Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind N/A Governing law West Virginia Consumer Credit Act Regulator WV Div. of Fin. Inst.
Wisconsin	No state limit	No strict state limit	90 days	~574%+	1 allowed
Finance charge cap No strict state limit Max term 90 days Typical APR ~574%+ Rollovers 1 allowed Min loan term N/A Max absolute fee N/A Simultaneous loans N/A Right to rescind Next business day Governing law Wisconsin Payday Loan Law Regulator WI Dept of Fin. Inst.
Wyoming	$500	20% of advanced amount	31 days	~521%	Prohibited
Finance charge cap 20% of advanced amount Max term 31 days Typical APR ~521% Rollovers Prohibited Min loan term N/A Max absolute fee $100 Simultaneous loans N/A Right to rescind Next business day Governing law Wyoming Small Loan Act Regulator WY Div. of Banking

How to weigh a payday loan against cheaper choices

Before you sign, line up the full cost of each path. A payday loan example might show a fee that translates to a high APR. A Credit Union Payday Alternative Loan (PAL) caps APR at 28% with terms of 1 to 12 months and a max $20 application fee. On a $500 PAL repaid over six months, you would pay roughly $70 in interest plus the $20 fee, totaling about $90.

Active-duty service members and dependents have a hard ceiling. The Military Lending Act caps all charges at 36% MAPR, which includes fees. If you are eligible, ask any lender upfront if they comply; the protection is automatic once you identify yourself.

Your cheapest option is usually an employer paycheck advance, a bill extension negotiated directly with the creditor, or a local community assistance program. If none exist, compare at least three licensed storefronts or state-regulated online lenders in your state. Check that the Truth in Lending disclosure lists the APR and total finance charge before you sign. If the APR is above 28%, pause and call a local credit union to ask about PAL availability. That call takes ten minutes and can cut your cost by half or more.

Payday loan rules by state

How to weigh a payday loan against cheaper choices

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