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Like in many other states, payday loan lending in California State are lawful and have tight restriction to regulate the payday loan industry. At any one time, customer is not allowed to borrow more than one loan and any kind of renewal or extension is not allowed as well. Payday loan lenders are allowed to issue a loan using a post-dated check but it must hold the check for more than 30 days….

Payday loan lending is considered legal in the state of Arkansas. But the payday loan lenders must be practiced in accordance to the Arkansas State regulation. At any one time, payday loan lenders are not allowed to issue loan more than once. But for borrowers, he/she can get a loan twice within 72 hours. A single loan payment is allowed provided the check is held….

According to Arizona State law, it is required for payday loan lenders to operate with a valid license in the state. In the loan agreement, it must provide with a valid contact phone number and correspondence address for the purpose of protection and convenience of borrowers to file a complaint. At any one time, it is not allowed for payday loan lenders in Arizona State to sign more than one loan contract with a single borrower….

As similar to many states, Alaska State has legislation to protect payday loan lenders. Under the legislation, there is not limit on the maximum number of loans a customer can borrow at one time. The payday loan lenders are not allowed to take legal action on late loan collection provided that the borrower’s check bounced due to bank account closed….

According to Alabama state legislation, all payday loan and cash advance providers are not subjected to the small loan laws. It is allowed for lenders to charge an interest rate up to 3 digits range in one repayment check from the borrower’s bank account. The maximum amount of loan is limited to not more than $500, but there is no restriction on how many payday loans a borrower can take….