Payday Loan Laws - AZ

The rules and regulations issuers of payday loans must abide by in the state of Arizona.


Legal Status:

Legal

Loan Terms:

Maximum Loan Amount: $500
Loan Term: Min: 5 days
Maximum Finance Rate and Fees: 15% of check
Finance Charge for 14-day $100 loan: $17.65
APR for 14-day $100 loan: 459%

Debt Limits:

Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: Three (extensions)

Collection Limits:

Collection Fees: $25 NSF fee + actual charges assessed by the financial institution
Criminal Action: Prohibited

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