Kentucky Cash Advance Law and Legislation. Last year the Kentucky Legislature has passed away legislation regarding the procedure of these loan providers so that you can protect the borrowers.
Payday financing is legal in Kentucky. Within the state of Kentucky, the utmost cash advance amount is $500. The utmost loan term is 60 times. Rollovers are prohibited. Average APR for a $300 pay day loan is 460%*. Finance fees per $100 must not meet or exceed $15. Unlawful actions are forbidden.
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