Kansas Payday Loan Laws
 | Min/Max Term of Payday Loan: | 7-30 days | | Max Fees and Finance Charges: | 15% | | Maximum Loan Amount: | $500 | | Number of Rollovers: | Not specified | | Outstanding loans allowed at one time: | 2 | | Cool-off period: | Not specified | | Military Protection: | Not specified | | Payment Plan: | Not specified | | Limits on collection and presentment: | Not specified | | Collection fees: | One NSF fee | | Presentment Limit: | Not specified | | Penalties: | Civil Fines, Suspension or revocations of license; Cease and Desist Order; Criminal | | Private right of action: | Yes |
Kansas Payday Loan Laws:
A lender may not have more than two loans outstanding to the same borrower at any one time and may not make more than three loans to any one borrower within a 30 calendar day period. New legislation establishes limits on a payday lender’s ability to collect on payday loans from military borrowers:
- Lenders are prohibited from garnishing the wages of military borrowers;
- Lenders must defer all collection activity against a borrower who is deployed to combat or a combat support post for the duration of such posting; and
- Lenders may not contact any person in the military chain of command of a borrower in an attempt to make collection.
| Payday Loan Laws: |
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