A guide to Payday Loans in
Connecticut, USA.
What are the Citation (s) to Payday Loan or Small Loan Laws in Connecticut?
Usury act applies or small loan act applies. Conn. Gen. Stat.§ 36a-563
Q: Are Payday Loans legal in Connecticut?
A: No Payday Loans are prohibited in Connecticut.
Q: What is the maximum interest rate charged on small loans in Connecticut?
A: The maximum interest rate charged on small loans in Connecticut is 30.03% APR or $17 per $100 up to $600; $11 per $100 up to $1,800; add-on interest
Contact the Department Of Financial Institutions
If you have questions about payday loans please contact the Connecticut Department of Financial Institutions at:
Connecticut Department of Banking
Address: 260 Constitution Plaza Hartford, CT 06103
Phone: (860) 240-8299
Fax: (860) 240-8167
Regulatory Contact: Alan Cicchetti, Deputy Commissioner
Website: http://www.ct.gov/dob/site/default.asp
Where can I find a payday loan store in
Connecticut?
You can find the store nearest to your location by simply clicking on this link loc:
Connecticut
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