Installment Loans: Will States Safeguard Borrowers from a brand new Wave of Predatory Lending?

Installment Loans: Will States Safeguard Borrowers from a brand new Wave of Predatory Lending?

This National customer Law Center study analyzes the talents and gaps regarding the statutes in 50 states and Washington, D.C. that regulate installment loans, an industry that is anticipated to develop as restrictions on payday advances enhance.

Key Recommendations Download Maps, Charts, & Tables (PDF) (also B/W variation) down load Appendices (PDF) Appendix the (Comprehensive APR tables for 6-month $500 loan) Appendix B (Comprehensive APR tables for 2-year $2000 loan) Appendix C (Summaries of state closed-end installment loan statutes) Appendix D (Summaries of state open-end credit statutes) Appendix E (Unconscionability conditions of state closed-end installment loan laws and regulations) pr release

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