Texas Payday Loan Laws and Legislation
There are so many payday services in Texas that it is extremely easy to find one. Not all lenders offer such great benefits as 4paydayloan.com. We have most convenient service. All you should do is apply for a payday loan using our site. You will get an instant approval. The funds will be transferred into your account the same day. You won't wait to pay urgent bills or buy some things you need.
Texas laws are typical and similar to many other states in which payday lending companies are legal. Though payday loan service is considered legal in Texas, still there are certain rules protect the customers.
The terms of a payday loan in Texas ranges from 7 to 31 days. A client can get the sum from 100 to $350. Lenders charge the APR of 48% and the monthly fee is about $10.
It is not compulsory to be the resident of Texas to apply for a payday loan via our company. At 4paydayloan.com we help every resident of the country. The application process is convenient, simple and fast.
At 4paydayloan.com you may apply for a payday cash advance and get the approval on the same day. We deposit the money you need into your account, and it is ready to be used. The reason you apply for a payday loan is not actually important. The cash will be available in an hour, and you will fell a relief and use the money to solve the financial problems you might experience.
Payday loans laws in Texas differ in several aspects from the lending laws in some other US states. The maximum charge is $1 for each $5 borrowed on the loans that are less than $30. 1/10 of the sum can be charged on the cash advances ranging from 30 to $100. The lending companies can charge a fee about $10 for a loan over $100.
In Texas lenders are allowed to apply handling fees additionally to other interest rates. According to the Texas laws lenders can charge a handling fee of about $3.50 per month. The handling charge cannot exceed the amount of $35. Lending companies are allowed to add $4 fee on loans ranging from 35 to $70, and can charge $4 per month to the loans exceeding $100.
The schedule of fees should be posted at every office of a lending company. The agreement is to be in written form. The agreement ought to include the loan sum, lender's name, the dates, and fees itemization. The written agreement is to state that payday cash advances are short-term. As a matter of fact payday loans are used to help you solve unexpected financial complications till you get the next paycheck and will be able to repay the loan.
The law of the state prohibits dividing a payday cash advance into 2 loans. There are lenders that split payday loans so that to charge 2 sets of fees on 1 payday cash advance. The maximum term of a payday loan in Texas is 31 days and the minimum period is about 7 days. Payday loans in Texas can be renewed once a month. Actually all the regulations of the state of Texas function in order to protect the residents of the state.
Payday Loans Offered: Yes
Max Loan Amount: Not specified
Loan Term: Not less than 7 days; For a loan of $100 or less, one month for each multiple of $10;
for a loan of $100 or more, one month for each multiple of $20.
State Regulator Information:
Texas Office of Consumer Credit Commissioner
2601 N. Lamar Blvd
Austin, TX 78705
Phone: (512) 936-7600
Disclamer: 4paydayloan.com is not a lender and does not broker loans. This website collects information which you provide and then forwards it to one more or lenders in our network. Individual lenders make the loan approval decision and determine the terms and conditions of each loan agreement.
4paydayloan.com may share the information which you provide at any step of the application process with third parties, including members of its lender network and other third party lenders with whom it has a marketing relationship.Payday lenders may perform routine credit checks and will normally verify all of the information which you supply on the application.
Submission of personal information is strictly voluntary and does not guarantee that you will be matched with a payday lender or will receive a payday loan. Not everyone will qualify for a payday loan.Not all lenders are able to provide the maximum amount of 1000$ in cash funds.
Cash transfer times vary among the different lenders and not all offer one hour transfer service.Payday loans are not available in all 50 states and the list of participating states may change at any time and without notice.