Find Payday Loans in Delaware
Currently, Delaware does not have any laws regulating cash advance loans. The state's small loan legislation allows payday loan companies to operate and charge fees or an interest rate that is acceptable to the consumer. Creditors must abide by the provisions of Delaware's small loan act. The maximum number of loans that a borrower can have pending at one time is not specified.
A consumer can borrow up to $500 in payday loan funds.
Cash advance lenders must permit consumers at least 60 days to pack back the loan.
Under Delaware law, borrowers are entitled to 4 rollovers or extensions.
There is no limit on the finance fee that a payday loan company can charge for a two-week loan of $100.
The law does not set a limit on the annual percentage rate for a 14-day cash advance loan in the amount of $100.