Last Update 12/05/05
PAYDAY PLUS SOFTWARE, INC. IS IN THE BUSINESS OF WRITING SOFTWARE...NOT LEGISLATION MONITORING. WE DO, HOWEVER, PICKUP INFORMATION ALONG THE WAY AND AS WE HAVE TIME, POST IT ON THIS SITE. THE INFORMATION MAY BE UNRELIABLE AND CONTAIN HEARSAY, LET ALONE TYPOS! PAYDAY PLUS SOFTWARE, INC. MAKES NO WARRANTEE OF THIS CONTENT. PLEASE LET US KNOW IF ANY OF THE FOLLOWING LINKS BREAK, IF YOU HAVE ANY BREAKING NEWS, IF YOU KNOW OF BLARING ERRORS, OR IF YOU KNOW OF ANY LINKS WE SHOULD ADD! THANK YOU! EMAIL sales@paydayplus.com - PHONE @ 303-741-9031.
1. Effective Rate: $15.00 per $100.00
2. Maximum Contract: $500.00
3. Min/Max Duration: 1 Day to 6 Months
4. Only 1 loan at a time to a customer
5. No Rollover allowed
6. Must wait 1 business day to make a new loan after payoff
7. Full Truth in Lending Disclosure required
8. NSF Fee = $20.00 plus Bank Charge, Maximum $25.00
9. No Additional Late Fees or Interest
10. Must have a license as a Check Casher and have a minimum $100,000 net worth.
1. Letter to Small Loan Act Licensee
2. Letter to Check Cashing Act Licensee
OH - This links directly to the Ohio Legislative search page. Do your search on Revised Code 1321!