Payday Loan Laws Legislation On Payday Lending And The Cash Advance Industry

Kentucky Payday Loan Laws

Min/Max Term of Payday Loan: 14-60 days
Max Fees and Finance Charges: $15 per $100
Maximum Loan Amount: $500
Number of Rollovers: None (cannot renew, rollover, or consolidate)
Outstanding loans allowed at one time: 1
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 (if disclosed)
Presentment Limit: Not specified
Penalties: Civil Fines, Suspension or revocations of license; Cease and Desist Order
Private right of action: Not specified

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