Payday Loans Law in Connecticut

Maybe people ask about payday loans. Is it legal? How much will it cost? How to get it?
The third state for today is Connecticut state.. 

Connecticut State Information

Legal Status: Prohibited

Citation:
Usury act applies or small loan act applies. Conn. Gen. Stat. §§ 36a-563 et seq.

Small Loan Rate Cap
30.03% APR or $17 per $100 up to $600; $11 per $100 up to $1,800; add-on interest

Where to Complain, Get Information:
Regulator: Connecticut Department of Banking
Address: 260 Constitution Plaza Hartford CT 06103
Phone: (860) 240-8299
Fax: (860) 240-8167

Regulator Website: http://www.ct.gov/dob/site/default.asp

Find more info about Payday loans in Connecticut here: http://easyloansusa.net/connecticut/

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