Mississippi Payday Lender Locations


Below you can find a list of all cities served in Mississippi!



Mississippi Payday Advance Loan Regulations:


Payday Loan Maximum - $500 face value of check
Loan Term Length - Under $250: maximum of 30 days; $250-$500: 28-30 days
Maximum Finance Rates - Under $250: $20 per $100 advanced; $250-500: $21.95 per $100 advanced
Charge for a 14-day $100 loan - $20
APR for a 14-day $100 loan - 520%
Max Loan Length -

(a) A licensee may delay the deposit of a personal check cashed for a customer with a face amount of not more than $250 for up to 30 days under the provisions of this section.

(b) A licensee shall enter into a written agreement for a delayed deposit transaction of a personal check cashed for a customer with a face amount of more than $250 but not more than $500 for a period of at least 28 days but not more than 30 days, as selected by the customer, under the provisions of this section, with the licensee having the option to deposit or collect the check.


Resources:
Mississippi Department of Banking and Consumer Finance
901 Woolfolk Building, Suite A 501 N. West Street Jackson MS 39201
(601) 359-1031
More Info


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