A guide to Payday Loans in California,
USA.

 
What are the Citation (s) to Payday Loan or Small Loan Laws by in California? 
A: The relevant citation regarding Payday Loans in the California State Jurisdiction is Cal. Fin. Code §§ 23000 to 23106

California State Payday Loan FAQs:

Q: Are Payday Loans legal in California? 
A: Yes Payday Loans are legal in California. 

Q: What is the Maximum Payday Loan Term in California State? 
A: The Max Payday Loan Term in California State is 31 Days.

Q: What is the Maximum Cash Advance Loan Amount in California? 
A: The Maximum Cash Advance or Payday Loan amount is $300 

Q: What is the Maximum Fee for Cash Advance Loans in California?
A: The Maximum Finance Rate and Fees for Cash advance loans in California is 15% of check. 

Q: What is the Finance charge for 14-day $100 payday loan in California State?
A: The finance charge for a 14-day $100 loan in Washington State is $17.65. 



Q: What is the APR for 14-day $100 payday loan in California State?
A: The APR for 14-day $100 payday loan in California State is 459%. 

Q: How many times can the lender rollover my payday loan in California?
A: You cannot rollover a payday loan in California. The lender cannot charge any fee for extension. 

Q: Is there a limit on the number of payday loans I can take at one time? 
A: Yes, you can only take one payday loan at one time in California. 

Q: Is there a provision for a repayment plan for a payday loan in California State?
A: Repayment Plan: Voluntary (no fees may be charged in conjunction with payment plan) 

Q: If I cannot repay my payday loan can the lender initiate a criminal action?
A: No, In California a payday loan lender can not threaten criminal prosecution as a method of collecting a past due loan.

Q: Can I be charged a collection fee for a payday loan?
A: Collection Fees: $15 NSF fee 

Q: What is the cooling off period for a payday loan in California State?
A: There is no cooling off period for a payday loan. 

Contact the Department Of Financial Institutions

If you have questions about payday loans please contact the California Department of Financial Institutions at:

California Department of Corporations
Address: Financial Services Division, 1515 K Street, Suite 200 Sacramento, CA 95814
Phone: (866) 275-2677
Website: http://www.corp.ca.gov/

Where can I find a payday loan store in California?

You can find the store nearest to your location by simply clicking on this link  loc: California 

More Information
http://en.wikipedia.org/wiki/List_of_cities_in_California