Brick
and Mortar Payday
Loan Stores are
not legal in the
state of Connecticut.
Connecticut prevents
Payday loan centers
from entering the
state in two ways:
by requiring a license
to deposit checks,
and by minimizing
the fee one can
charge to cash a
deferred check.
To become licensed
in Connecticut,
applicants must
submit basic contact
information and
pay a $250 fee.
The
commissioner will
investigate the
applicant and determine
if he/she is of
good character,
and whether the
business will provide
the community with
a valuable service.
The commissioner
will also make sure
that the applicant
will continuously
have $10,000 in
liquid assets for
each business location
he/she intend to
open.
Finance
Charges:
The
finance fee per $100
is $17 for amounts
ranging $100 until
$600, which might
also vary between
lenders. Find your
loan online today
we have payday loan
alternatives!
