Legal Status



Kentucky Rev. Stat. Ann. §§ 286.9.010 et seq.

Loan Terms

Maximum Loan Amount: 500

Loan Term: 14-60 days

Finance Charge for 14-day $100 Loan: 16

APR for 14-day $100 Loan: 417%

Debt Limits

Maximum Number of Outstanding Loans at One Time: A licensee shall not have more than two (2) deferred deposit transactions from any one (1) customer at any one time. The total proceeds received by the customer from all of the deferred deposit transactions shall not exceed five hundred dollars ($500). KRS § 286.9-100(9)