Installment Loans: Will States Safeguard Borrowers from a brand new Wave of Predatory Lending?

Installment Loans: Will States Safeguard Borrowers from a brand new Wave of Predatory Lending?

This National customer Law Center study analyzes the skills and gaps of this statutes in 50 states and Washington, D.C. that regulate installment loans, an industry that is likely to develop as restrictions on pay day loans increase.

Key Recommendations Download Maps, Charts, & Tables (PDF) (also B/W variation) Download Appendices (PDF) Appendix the (Comprehensive APR tables for 6-month $500 loan) Appendix B (Full APR tables for 2-year $2000 loan) Appendix C (Summaries of state closed-end installment loan statutes) Appendix D (Summaries of state open-end credit statutes) Appendix E (Unconscionability provisions of state closed-end installment loan rules) news release

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