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Lending Policy

At PaydayLoansLand.com, every lender in our network is required by law to abide by all rules and regulations of State and Federal governments. Please take the time to learn more about responsible lending practices.

Truth in Lending Act

The Truth in Lending Act is in place to ensure that consumers are fully informed on the details of the loan lender's cash advance contract. Under this federal law, loan lenders must offer, in writing, an account of the exact fees, rates and possible additional costs of the payday loan. This information is presented before the consumer signs the contract, so a careful evaluation of the lender's services can be made. Visit Office of the Comptroller of the Currency's page on the Truth in Lending Act for more details.

Fair Lending

The Dodd-Frank Wall Street Reform Act requires that cash advance loan lenders follow fair lending policies. Fair lending policies involve "fair, equitable, and nondiscriminatory access to credit for consumers." Direct any complains to the Consumer Financial Protection Bureau, which enforces the detailed regulations. For more details on the act, go to the U.S. Commodity Futures Trading Commission's Dodd-Frank Act page.

Practices for Fair Debt Collection

While you are repaying your loan you are protected by the Fair Debt Collections Act, which is overseen by the Federal Trade Commission. All lenders are required to follow all of the rules of this act. The act requires that lenders comply with fair debt collection practices, which include:

If a lender is found to be violating any of the above FDCPA statues PaydayLoansLand.com will not hesitate to stop doing business with that company and file a report with the Federal Trade Commission. Visit the Federal Trade Commission's document on Fair Debt Collection Practices for additional information

Federal and State Regulations

Contracts offered by payday loan lenders are bound by local state regulations as well as by federal laws surrounding the cash advance industry.

These payday loan regulations may impact the following aspects of your loan terms:

PaydayLoansLand.com encourages lenders in its network to follow federal and state regulations. These often include the strict conformity with local laws in regards to their interest rates, maximum loan terms, rollover limits, fees, cool off periods in between loans, and much more.

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