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Kansas Cash Advance Law and Legislation

Kansas Cash Advance Law and Legislation

Payday lending is appropriate in Kansas.

Kansas features a $500 limitation on pay day loans available in their state. The minimum loan term is seven days; the most loan term is thirty days. The finance costs must not meet or exceed $15 for the amount advanced. https://title-max.com Real APR is 391%*. Rollovers aren’t permitted. Unlawful actions against borrowers are forbidden.

Kansas ended up being on the list of states that are first begin managing payday loans from the state degree. Continue reading