Installment Loans: Will States Safeguard Borrowers from a brand new Wave of Predatory Lending?

Installment Loans: Will States Safeguard Borrowers from a brand new Wave of Predatory Lending?

This National customer Law Center study analyzes the skills and gaps for the statutes in 50 states and Washington, D.C. That regulate installment loans, market this is certainly anticipated to develop as restrictions on pay day loans enhance.

Posted: July 2015, Nationwide Customer Law Center

Key Recommendations Download Maps, Charts, & Tables (PDF) (also B/W variation) down load Appendices (PDF)
Appendix the (Comprehensive APR tables for 6-month $500 loan)
Appendix B (Comprehensive APR tables for 2-year $2000 loan)
Appendix C (Summaries of state closed-end installment loan statutes)
Appendix D (Summaries of state open-end credit statutes)
Appendix E (Unconscionability conditions of state closed-end
installment loan regulations) Press Release

Additional Resources