Where are Payday Loans Banned?
Apply for a Loan
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florida. ...
UPDATED: Jul 18, 2021
Advertiser Disclosure: We strive to help you make confident loan decisions. Comparison shopping should be easy. We are not affiliated with any one loan provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about loans. Our goal is to be an objective, third-party resource for everything loan related. We update our site regularly, and all content is reviewed by experts.
Payday loans are a highly contested form of consumer lending.
Advocate groups fight to protect them while consumer groups work to limit or eliminate them completely. Currently, 12 states have laws that either ban payday loans or have strict lending laws which make them unprofitable in the state.
In order to simplify the information, Loans.org compiled a United States map to show the geographical regions with the most regulation. In addition, this infographic provides some history into several states’ legislation and delivers some fun facts about the industry.
For instance, did you know that New York is considered one of the toughest states on payday loan laws, and certain usury charges can carry a maximum sentence of 15 years? Compare this with North Carolina’s Senate Bill 89 which is working to re-instate payday loans in the state.
For a full list of statewide payday lending rules, please visit our interactive map and research page.
If you would like to share this Infographic with your friends, family or readers, please feel free to copy and paste the embed code found below.
To include this image on your website, copy the embed code below and add it to your website: