Delaware

State Payday Loan Law Information

Payday loans in Delaware are restricted to the amount of $500.  The duration of the loan is a maximum of 60 days.  There is no limit on the finance rate or fees that may be charged by the lender.

More than one outstanding loan may be pending at a time but a $1000 limit is placed on outstanding loans to the licensees.  Four rollovers are permitted per loan with not cooling-off period or repayment plan.

 

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