Idaho State Information

Legal Status: Legal

Idaho Code §§ 28-46-401 et seq.

Loan Terms:
Maximum Loan Amount: $1000. Loan cannot exceed 25% of gross monthly income of borrower.
Loan Term: Not Specified
Maximum Finance Rate and Fees: Not Specified
Finance Charge for 14-day $100 loan:
APR for 14-day $100 loan: No Limit

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified ($1000 aggregate loans outstanding to all licensees)
Rollovers Permitted: Three (renewals)
Cooling-off Period:
Repayment Plan: Yes.  Available once in 12 months.  At least four equal payments over at least 60 days, no fees.

Collection Limits:
Collection Fees: $20 NSF fee. Limit of two electronic presentments of borrower’s check
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Idaho Department of Finance
Address: Idaho Department of Finance, 800 Park Blvd., Suite 200, Boise ID 83712
Phone: (208) 332-8000
Regulator Website

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