A guide to Payday Loans in Idaho, USA.

What are the Citation (s) to Payday Loan or Small Loan Laws in Idaho?
A: The relevant citation regarding Payday Loans in the Idaho State Jurisdiction is Idaho Code Ann. § 28-46-401 et seq.

Idaho State Payday Loan FAQs:

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

Q: What is the Maximum Payday Loan Term in Idaho State?
A: The Max Payday Loan Term in Idaho State is Not Specified.

Q: What is the Maximum Cash Advance Loan Amount in Idaho?
A: The Maximum Cash Advance or Payday Loan amount is $1000.

Q: What is the Maximum Fee for Cash Advance Loans in Idaho?
A: The Maximum Finance Rate and Fees for Cash advance loans in Idaho is Not Specified.

Q: What is the Finance charge for 14-day $100 payday loan in Idaho State?
A: The finance charge for a 14-day $100 loan in Idaho State is Not Specified.

Q: What is the APR for 14-day $100 payday loan in Idaho State?
A: There is no limit on APR for 14-day $100 payday loan in Idaho.

Q: Is there a limit on the number of payday loans I can take at one time?
A: The number of payday loans you can take at one time is not specified, however the total amount outstanding to all lenders must not exceed $1000.

Q: How many times can the lender rollover my payday loan in Idaho?
A: You can rollover (extend, renew) a payday loan three times in Idaho.

Q: If I cannot repay my payday loan can the lender initiate a criminal action against me?
A: No, In Idaho 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: $20 NSF fee + 12% interest per annum on unpaid amount (if disclosed )

Contact the Department Of Financial Institutions

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

Idaho Department of Finance
Address: Consumer Credit Section, 700 West State Street, 2nd Floor Boise, ID 83702
Phone: (208) 332-8000
Fax: (208) 332-8099
Regulatory Contact: Mike Larsen, Consumer Finance Bureau Chief
Website: http://finance.idaho.gov

Where can I find a payday loan store in Idaho?

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