Idaho Payday Loan Laws Details
The data provided here is for general informational purposes and should not be used as legal reference. If you have questions regarding Idaho payday loan laws contact the Idaho Department of Finance.
Payday loans are legal in Idaho (see Idaho Payday Loans or Idaho Installment Loans to compare fees and requirements for individual lenders).
| Feature | Specification |
|---|---|
| Amount (max) | $1,000 |
| Rates or Fees (max) | Not Specified |
| Term Limitations | Not Specified |
In Idaho, three renewals are permitted. Nothing is mentioned about cooling periods between loans. Idaho has no requirements for extended repayment plans.
For example, in Idaho the rates and fees on a 14 day, $100 loan are:
| Terms | Amount |
|---|---|
| Loan Amount | $100 |
| Fees | |
| APR | No Limit |
Idaho also defines regulations around collections. If available, the table below lists the fees lenders are permitted to charge if the loan is not repaid and/or whether a lender can threaten use of or use criminal action if a borrower is unable to repay a loan.
| Feature | Specification |
|---|---|
| Collection Fees | $20 NSF fee |
| Criminal Action | Prohibited |
None