One of the most important terms you need to know when reading a payday loan agreement is the "due date".   Your lender needs to disclose this to you clearly in the loan agreement (which may be referred to as a "TILA" or "Truth In Lending Agreement").  The payday loan due date is the date that your cash advance is due to be repaid to the lender.  In most payday loan agreements, the "due date" is set to be on your next paydate (usually between 4 and 31 days from the date you took the loan out).  Make sure you will be able to repay the loan amount on your next due date, or you can end up in further financial difficulty.

Payday loans are governed by both federal and Utah state law. Under federal law, all Payday Lenders must comply with Regulation Z of the Truth-in-Lending Act. The amount of the loan, the amount of finance charge that will be assessed against you and the annual percentage rate (APR) of the loan must be conspicuously displayed on the contract/agreement you will sign.

While payday loans are legal in the state of Utah, the State has passed a number of laws regulating payday loans. The Department of Financial Institutions enforces these laws and every year conducts an examination of each Payday Lender’s operation. Important features of the Utah law are:

• The lender is required to post a schedule of fees charged for a deferred deposit loan. The fees are required to be disclosed using the APR and the dollar amount of the fees.

• The lender is required to post the number a person can call to file a complaint. The Department's phone number is (801) 538-8830.

• The lender cannot rollover ("extend") the loan beyond twelve weeks from the initial execution date of the loan.

• The lender cannot accrue contract interest past twelve weeks after the initial execution date of the loan.

• The lender is prohibited from threatening to bring criminal proceedings against you if a check you provide to the lender is returned for non sufficient funds.

• You may make payments on your loan in $5 increments or more without incurring any additional finance charges.

• You may rescind the payday loan and finance charges if you return the loan amount by 5:00 PM the next business day.

Payday loans are governed by both federal and Texas state law. Under federal law, all Payday Lenders must comply with Regulation Z of the Truth-in-Lending Act. The amount of the loan, the amount of finance charge that will be assessed against you and the annual percentage rate (APR) of the loan must be conspicuously displayed on the contract/agreement you will sign.

While payday loans are legal in the state of Texas, the State has passed a number of laws regulating payday loans. Some important features of the Texas law are:

• There is no specified limit on the size of a payday loan in Texas.

• The lender cannot charge more than $10, plus $4 for every $100 borrowed, in loan fees.

• The term of the payday loan cannot exceed 31 days, and must be at least 7 days

• The payday loan agreement must specify the amount of the loan, the loan fees, the total fees paid expressed both as a dollar amount and an effective annual percentage rate, the due date of the loan.

• The lender cannot rollover ("extend") the loan.

Payday loans are governed by both federal and Nevada state law. Under federal law, all Payday Lenders must comply with Regulation Z of the Truth-in-Lending Act. The amount of the loan, the amount of finance charge that will be assessed against you and the annual percentage rate (APR) of the loan must be conspicuously displayed on the contract/agreement you will sign.

While payday loans are legal in the state of Nevada, the State has passed a number of laws regulating payday loans. Some important features of the Nevada law are:

• Payday loans in Nevada cannot exceed 25% of a borrower’s expected gross monthly income, exclusive of any fees charged for the loan.

• There is no limit to the amount of fees that a lender can charge, so it is important to shop for the best rates.

• The term of the payday loan cannot exceed 60 days

• The payday loan agreement must specify the amount of the loan and the loan fees, the total fees paid expressed both as a dollar amount and an effective annual percentage rate, the due date of the loan, and disclosure of any returned check charges.

• There is no limit on the number of outstanding loans at any given time.

• There is no specified limit on the number of times that a loan can be rolled over ("extended").

• The payday lender can not threaten or resort to the criminal process to collect on a loan.

Payday loans are governed by both federal and Florida state law. Under federal law, all Payday Lenders must comply with Regulation Z of the Truth-in-Lending Act. The amount of the loan, the amount of finance charge that will be assessed against you and the annual percentage rate (APR) of the loan must be conspicuously displayed on the contract/agreement you will sign.

While payday loans are legal in the state of Florida, the State has passed a number of laws regulating payday loans. Some important features of the Florida law are:

• Payday loans in Florida cannot exceed $500, exclusive of any fees charged for the loan.

• The lender cannot charge more than 10% of the amount of the loan, plus a “verification fee” (maximum $5), in total loan fees.

• The term of the payday loan cannot exceed 31 days, and must be a minimum of 7 days

• The payday loan agreement must specify the transaction date, the amount of the loan, the loan fees, the total fees paid expressed both as a dollar amount and an effective annual percentage rate, the due date of the loan.

• No customer can have more than one outstanding payday loan at any given time.

• The lender cannot rollover ("extend") the loan.

• Florida allows for a 24 hour cool-off period for a borrower to back out of the loan after signing the loan agreement.