Payday Loan Laws - MS
The rules and regulations issuers of payday loans must abide by in the state of Mississippi.
Legal Status:
Legal
Loan Terms:
Maximum Loan Amount: $400
Loan Term: Max: 30 days
Maximum Finance Rate and Fees: 18% of check
Finance Charge for 14-day $100 loan: $22
APR for 14-day $100 loan: 572%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot renew or otherwise extend)
Collection Limits:
Collection Fees: NSF fee; Court-awarded fees (if disclosed)
Criminal Action: Prohibited (When check returned due to NSF)
Go back to Payday Loan Laws
Get approved for a payday cash advance today with no credit check, no faxing, and instant online approval. Have up to $1500 in your account the next day! With a simple and easy online application and instant approval, get the cash you need right now!
\