Find Payday Loans in Idaho
Cash advance lenders operating in Idaho can charge any fees or interest rate that the consumer is willing to pay. They are subject to the provisions of the state's small loan act. Idaho law requires payday advance businesses to disclose all information to the customer, such as the loan's interest and fees, which must be visibly displayed in the store. The payday advance lender must submit a signed copy of the contract to the borrower. The Idaho Department of Finance's phone number must be provided in the agreement, which must also identify this department as the licensing agency.
A borrower can request up to $1000 in payday loan funds.
Idaho does not prescribe a maximum loan term.
Consumers are entitled to three rollovers or renewals.
There is no limit on the amount of fees that a payday cash advance lender can charge.
In Idaho, there is no limit on the two-week APR or the charge per $100 borrowed.