Pay day loan laws and regulations for OKC

Pay day loan laws and regulations for OKC

Numerous rules control short-term loans. In Oklahoma, payday loan providers must proceed with the Oklahoma Deferred Deposit Lending Act. That legislation sets the finance costs, or rates of interest, a payday lender can charge.

Oklahoma City payday loan providers can’t charge a lot more than $15 in interest per $100 on loans as much as $300. Read More…

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