Legal Status
Prohibited
Citation
N.Y. Banking Law 373, N.Y. Penal Code 190.40
Loan Terms
Maximum Finance Rate and Fees: 25% APR cap; payday lending is effectively prohibited.
Prohibited
N.Y. Banking Law 373, N.Y. Penal Code 190.40
Maximum Finance Rate and Fees: 25% APR cap; payday lending is effectively prohibited.