Kansas Payday Loans Law

Kansas Payday Loans Law

Kansas State Information

Legal Status: Legal

Loan Terms:

    - Maximum Loan Amount: $500
    - Loan Term: 7-30 days
    - Maximum Finance Rate and Fees: 15% of loan
    - Finance Charge for 14-day $100 loan: $15
    - APR for 14-day $100 loan: 390%

Debt Limits:

    - Maximum Number of Outstanding Loans at One Time: Two. May not make more than three loans to a borrower within 30 day period.
    - Rollovers Permitted: No
    - Cooling-off Period:
    - Repayment Plan:

Collection Limits:

    - Collection Fees: One NSF fee
    - Criminal Action: Prohibited

Where to Complain, Get Information:

    - Regulator: Office of the State Bank Commissioner
    - Address: 700 SW Jackson, Suite 300 Topeka KS 66603
    - Phone: (785) 296-2266
    - Fax: (785) 296-6037

These Kansas payday loans law are basic information to assist your decision to borrow money. This information may be added or modified or canceled by Kansas government without prior notice.