Payday loan laws in Massachusetts

• Statutory citation: Mass. Gen. Laws Ann. ch. 140 §§ 96 et seq.; 209 Mass. Code Regs. 26.01.
• Legal status: Prohibited

Lending specifications:

• Small loan charges: 23% plus $20 administrative fee upon the granting of a loan

Complaint cell:

• Regulator: Division of Banks, Massachusetts
• Address: 1000 Washington Street, 10th Floor, Boston, MA 02118-6400
• Phone: (617) 956-1500
• Fax: (617) 956-1599
• Toll free: 800-495-2265
• Regulatory contact: Jennifer DeWitt, Special Assistant to the Commissioner
• Website: https://www.mass.gov/ocabr/government/oca-agencies/dob-lp/
• File complaint: https://www.mass.gov/ocabr/government/oca-agencies/dob-lp/file-a-complaint.html