Payday Loan Laws - DE
The rules and regulations issuers of payday loans must abide by in the state of Delaware.
Legal Status:
Permitted under small loan act or licensing law
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 60 days
Maximum Finance Rate and Fees: Not Specified
Finance Charge for 14-day $100 loan: No Limit
APR for 14-day $100 loan: No Limit
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified ($1000 aggregate loans outstanding to all licensees)
Rollovers Permitted: Four (rollovers)
Collection Limits:
N/A
Go back to Payday Loan Laws
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