Legal Status
Prohibited - Small loan act applies.
Citation
Mass. Gen. Laws Ann. ch. 140 §§ 96, 209 Mass. Code Regs. 26.01, 209 Mass. Code Regs. 45:14(8)
Loan Terms
Maximum Finance Rate and Fees: 23% APR cap; payday lending is effectively prohibited.
Prohibited - Small loan act applies.
Mass. Gen. Laws Ann. ch. 140 §§ 96, 209 Mass. Code Regs. 26.01, 209 Mass. Code Regs. 45:14(8)
Maximum Finance Rate and Fees: 23% APR cap; payday lending is effectively prohibited.