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STATE RESTRICTIONS ON SMALLHOLDER LOANS AND FINANCIAL SERVICES, 20042009: SUMMARY, DOCUMENTATION, AND DATA NANCY P INDUS D ANGEL K BEEN R RACHEL B RASTABAN I NSTITUTEOctober 2010STATE R RESTRICTIONS
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State restrictions on small-dollar refer to the regulations imposed by individual states on the lending of small-dollar loans.
Lenders and financial institutions that offer small-dollar loans are required to file state restrictions on small-dollar.
State restrictions on small-dollar can be filled out online through the designated state regulatory agency's website or through a paper form that can be submitted by mail.
The purpose of state restrictions on small-dollar is to ensure that lenders comply with state laws and regulations when offering small-dollar loans to consumers.
Lenders must report details of their small-dollar loan products, interest rates, fees, and any other relevant information as required by the state.
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