Arizona is a state located in the southwestern region of the United States. Payday lending is legal in Arizona. Arizona Payday law protects the borrowers from many stipulations included in the approval of the payday loans laws. While payday loans are legal in the state of Arizona, the State has passed a number of laws regulating payday loans.

Some important features of the Arizona law are:

The law clearly states that all contracts must be written in both English and Spanish. Borrower can complain to the department. Financial education and credit counseling services must be given to all applicants in both English and Spanish as well.

Payday companies must specify the charge through the charts which displays the APR of each loans starting from $100-$500. Payday loans must be a minimum of $50, and cannot exceed $500, exclusive of any fees charged for the loan. The lender cannot charge more than 15% of the amount of the loan in fees. The payday loan agreement must specify the name of the lender, 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, and 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 more than three consecutive times. The borrower is not subject to criminal prosecution for failing to repay a loan, but is subject to civil remedies.