A guide to Payday Loans in Kentucky, USA. 

What are the Citation (s) to Payday Loan or Small Loan Laws in Kentucky?

A: The relevant citation regarding Payday Loans in the Kentucky State Jurisdiction is Kentucky Rev. Stat. Ann. § 368.010 et seq.

Q: Are Payday Loans legal in Kentucky? 
A: Yes Payday Loans are legal in Kentucky (Applies to check cashers only)

Q: What is the Maximum Cash Advance Loan Amount in Kentucky?
A: The maximum Cash Advance or Payday Loan amount is $500. 

Q: What is the Payday Loan Term in Kentucky?
A: The Payday Loan Term in Kentucky is 14-60 days. 

Q: What is the Maximum Rate and Fee for Cash Advance Loans in Kentucky?
A: The Maximum fee for Cash Advance Loans in Kentucky is $15 per $100.

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

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



Q: Is there a limit on the number of payday loans I can take at one time? 
A: Yes, you can only take two loans at one time (the total amount due must not exceed $500). 

Q: How many times can the lender rollover my payday loan in Kentucky? 
A: The lender cannot rollover (renew, extend or consolidate) the payday loan. 

Q: If I cannot repay my payday loan can the lender initiate a criminal action? 
A: No the lender cannot initiate a criminal action against the borrower 

Q: Can I be charged a collection fee for a payday loan?
A: Yes, One NSF fee (if disclosed)

Contact the Department Of Financial Institutions

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

Kentucky Office of Financial Institutions
Address: 1025 Capital Center Drive, Suite 200 Frankfort, KY 40601
Phone: (800) 223-2579
Fax: (502) 573-8787
Regulatory Contact: Gary Davis, Branch Manager

Website: http://www.kfi.ky.gov/

Where can I find a payday loan store in Kentucky? 

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