Since July 1, 2010, it has been possible for a consumer lender to offer loans of less than $10,000, but only in the form of installment loans, which are subject to a maximum 36% annual percentage rate depending on their amount. Any lender must be licensed and registered with the state as Advanced Fee Loan Brokers.
Regulating the fine line of payday lending in Arizona is the The Arizona Revised Statutes.
We at PayDayAllDay strongly suggest our consumers to do their research, and carefully analyze and compare the terms of services, rates, fees, and other conditions offered by several lenders before engaging in any borrowing activity.
