Mississippi Payday Loan Laws, Mississippi State Payday Loans Legislation, Mississippi Payday Loans Legal Status, Maximum Loan Amount, Finance Charges

Mississippi Payday Loan Laws

Mississippi Payday loan laws. Mississippi Payday loan legislation. Mississippi state has specific payday loan laws. Mississippi Payday Loans permitted fee is 18 % of the face amount of the payday loan amount. Mississippi Payday Loans permitted time period is a maximum of 30 days.

Mississippi Payday Loans maximum amount of the payday loan allowable is $400.00. Mississippi Payday Loans Rollovers are prohibited

Mississippi State Payday Loan Laws and Legislation Information Mississippi Payday Loans Legal Status: Legal (Applies to check cashers only) Mississippi Payday Loans Citation: Miss. Code Ann. § 75-67-501 et seq. Mississippi Payday Loans Terms: Mississippi Payday Loans Maximum Loan Amount: $400 Mississippi Payday Loans Term: Max: 30 days Mississippi Payday Loans Maximum Finance Rate and Fees: 18% of check Mississippi Payday Loans Finance Charge for 14-day $100 loan: $22 APR for 14-day $100 loan: 572% Mississippi Payday Loans Debt Limits: Mississippi Payday Loans Maximum Number of Outstanding Loans at One Time: Not Specified Mississippi Payday Loans Rollovers Permitted: None (cannot renew or otherwise extend) Mississippi Payday Loans Cooling-off Period: Mississippi Payday Loans Repayment Plan: Mississippi Payday Loans Collection Limits: Mississippi Payday Loans Collection Fees: NSF fee; Court-awarded fees (if disclosed) Mississippi Payday Loans Criminal Action: Prohibited (When check returned due to NSF) Mississippi Payday Loans Regulator: Mississippi Department of Banking and Consumer Finance Mississippi Payday Loans Address: 901 Woolfolk Building, Suite A 501 N. West Street Jackson MS 39201 Mississippi Payday Loans Phone Number: (601) 359-1031 Mississippi Payday Loans Fax: (601) 359-3557 Mississippi Payday Loans Regulatory Contact: Ronny Harrison,, Chief Examiner, Consumer Finance Division