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Pennsylvania Cash Advance Law and Legislation. Payday financing is forbidden in Pennsylvania.

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Pennsylvania Cash Advance Law and Legislation. Payday financing is forbidden in Pennsylvania.

Pennsylvania banned payday financing in 1998 whenever 6% APR limit, as well as the situation has remained exactly the same for many years. There have been tries to replace the law to your advantage of the industry, but, to no avail.

Pennsylvania Payday Lending Statutes

Within the state of Pennsylvania, payday financing is considered illegal based on the Check Cashing Licensing Act of 1998, 505(a).

“Section 505. Read More