Massachusetts Payday Loans Law

Massachusetts Payday Loans Law

Massachusetts State Information

Legal Status: Prohibited

Small Loan Rate Cap:

    - 23% plus $20 administrative fee upon the granting of a loan

Where to Complain, Get Information:

    - Regulator: Massachusetts Division of Banks
    - Address: 1000 Washington Street, 10th Floor, Boston, MA 02118-6400
    - Phone: (617) 956-1500
    - Fax: (617) 956-1599

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