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

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

This National customer Law Center survey 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 payday advances enhance.

Key Recommendations Download Maps, Charts, & Tables (PDF) (also B/W variation) down load Appendices (PDF) Appendix A (Comprehensive APR tables for 6-month $500 loan) Appendix B (Comprehensive 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 conditions of state closed-end installment loan rules) pr release

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