Payday cash loan is considered as a small loan and they are subject to state regulations. In most cases the state will cap rates of small loans to 24% to 48% annual interest rate and require the customer to pay the loan on an installment basis. Most states also have laws to protect the customers such as the criminal usury laws. So it is important that you are aware of the existing laws in your state on payday loan cash advance. Below is an overview of some of the existing payday cash advance loan laws in each of the 50 states.

Alabama – The State of Alabama allows a maximum loan of $500 and finance charges should not be more than 17.5% of the original amount loaned.

Alaska - Cash advance payday loans in this is state is limited to a maximum of $500 only and the lender can only charge $5 as an origination fee. Maximum interest rate is 15% of the original amount.

Arizona – The State of Arizona still prohibits payday loan lending.

Arkansas – The state only allows $400 as the maximum amount for approved cash advance loan. Interest rate not more than 10% of the original amount and other fees should not be more than $10.

California – Fees for the loan should not be more than 15% and maximum limit for loans is $300 only.

Colorado - The borrower can only make one loan at a time.

Connecticut – Any form of deferred deposit plan is not offered in this state.

Delaware – The State of Delaware sets $500 as the maximum amount that can be legally loaned.

District of Columbia - It is still prohibited in Washington DC to have fast payday loans.

Florida – Maximum limit for loans in this state is at $500 and interest rates cannot be more than $10.

Georgia – Payday loans are still prohibited in the State of Georgia.

Hawaii - The State of Hawaii allowed a maximum loan of $600 and the fee should not go over $15.

Idaho – Maximum limit for payday loans is $1,000.

Illinois – Maximum amount that can be loaned can either be $1,000 or 25% of the monthly income of the borrower whichever is lower.

Indiana – $550 is the maximum amount for loans in this state. An interest rate of 15% is given on the first $250, 13% for $250 to $400 and 10% for $400 and above.

Iowa – Maximum limit for loan is $500. 15% interest rate for the first $100 and 10% for the succeeding $100.

Kansas – The state allows a maximum of $500 and interest rate not more than 15%.

Kentucky – State law mandates that deferred deposit transactions is not more than $500 and maximum fee will not exceed 15% of the original amount.

Louisiana – Maximum limit is $350 and other fees not more than 16.75% of the amount.

Maine – Payday loan is not allowed in the State of Maine.

Maryland – There is no payday loan offered in Maryland.

Massachusetts – State law doesn’t allow payday loans if it is less than $6,000.

Michigan – The maximum amount allowed is $600. Service fees and interest can be charged by the lender.

Minnesota – Loan limit is at $350 and interest rates depends on the amount loaned.

Mississippi – The maximum limit for payday loan is $400 and interest rate is 10%.

Missouri – Allowed amount for cash advance loans is up to $500. The total fees and interest should not be more than 75% of the original loan amount.

Montana – Amount that can be loaned should be between $50 to $300 and interest rate not more than $25.

Nebraska – Maximum loan limit is $500 and the interest rate is 15%.

Nevada – Customers cannot loan more than 25% of their monthly earnings.

New Hampshire – The maximum limit is $500 and interest rate is 36% APR.

New Jersey – There are no regulations on cash advance lending in this state.

New Mexico – Payday loans, interest rates and other fees combined should not be more than 25% of the total monthly income. Fees should not exceed 15.50% of the loan.

New York – Loans that have a triple-digit APR cannot be offered.

North Carolina – Payday loan lending is prohibited in this state.

North Dakota - The maximum limit is $500 and interest rate should not exceed 20%.

Ohio – $500 is the limit for approved cash advance and interest rate should not be more than 28% APR.

Oklahoma – Maximum limit is $500 and 15% for interest rates.

Oregon – There’s no limit for the loan amount, but interest rate is set at 36% APR.

Pennsylvania – Maximum loan offered is $500. Interest rate is set at 20% for the first $300 and 7.5% for the next $100.

Rhode Island – Payday loans is limited at $500 and 15% for the interest rate.

South Carolina – The maximum amount that can be loaned is $550 and maximum interest rate is 15%.

South Dakota – Payday cash loans is set at $500.

Tennessee – According to State law, payday loans should not be more than $500.

Texas – The consumer can not borrow more than $500 in cash advance loans.

Utah – There are no guidelines pertaining to payday loan amount or interest rate.

Vermont – It is still illegal in the State of Vermont to have payday lending.

Virginia – The maximum limit for a payday loan is $500.  Loan fees should not go over 20% of the original amount loaned.

Washington – The maximum loan limit in this state is $700.

West Virginia – Payday lending has been prohibited. $500 loan can have 15% interest rates but it can’t exceed 10% for amount more than $500.

Wisconsin – Consumers can loan either $1,500 or 35% of their monthly income whichever is lower.

Wyoming – There is no maximum limit for the total amount of the loan.

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