A guide to Payday Loans in New Jersey, USA. 

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

Consumer loan act applies but rates as agreed to by contract. N.J. Stat. Ann. tit. 17,§ 1 et seq. However, criminal law sets the usury cap at 30%. N.J. Stat. Ann. § 2C: 21-19. A check cashing licensee cannot cash or advance money on a postdated check. N.J. Stat. Ann. § 17:15A-47.

Q: Are Payday Loans legal in New Jersey? 
A: No Payday Loans are prohibited in New Jersey. 

Q: What is the maximum interest rate charged on small loans in New Jersey?
A: The maximum interest rate charged on small loans in New Jersey is 30% per year. 

Contact the Department Of Financial Institutions

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

New Jersey Department of Banking and Insurance
Address: 20 West State St. Trenton, NJ 08625
Phone: (609) 292-5360
Fax: (609) 292-5461
Regulatory Contact: Ludi Hughes, Assistant Commissioner
Website: http://www.njdobi.org/

Where can I find a payday loan store in New Jersey? 

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