Legal Status
Legal
Citation
Kan. Stat. Ann. § 16a-2-404, 405
Loan Terms
Maximum Loan Amount: $500
Loan Term: 7-30 days
Maximum Finance Rate and Fees: 15% of loan amount
Finance Charge for 14-day $100 Loan: $15
APR for 14-day $100 Loan: 391%
Debt Limits
Maximum Number of Outstanding Loans at One Time: A lender and related interest shall not have more than two loans made under this section outstanding to the same borrower at any one time and shall not make more than three loans to any one borrower within a 30 calendar day period. K.S.A. §16a-2-404
Rollovers Permitted: None.