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Payday loan laws in Pennsylvania
Statutory citation: Check cashers are specifically prohibited (63 Penn Stat. Ann. § 2325.)
Legal status: Prohibited
Lending specifications:
Small loan charges: $9.50 per year on each $100 + service charge of $1.50 on every $100
Complaint cell:
Regulator: Pennsylvania Department of Banking and Securities
Address: 17 North 2nd Street, Suite 1300, Harrisburg, PA 17101-2290
Phone: 609-292-7272
Fax: 717-787-8773
Toll free: 1.800.PA.BANKS (toll-free in PA)
Website: http://www.banking.state.pa.us/portal/server.pt/community/banking_home/14319
File complaint: http://www.dobs.pa.gov/Consumers/Pages/File-a-Complaint.aspx
Note: OVLG is not processing payday loans in Pennsylvania right now.
Disclaimer: This article is for informational purposes only and does not constitute legal advice. Please consult a qualified attorney for advice on your specific situation.
Updated on: September 7, 2017