Payday Loans Houston

Texas has very relaxed payday loan legislation.

Payday loans are legal in Houston (TX). They are regulated by 7 Tex. Admin. Code and Tex. Fin. Code Ann. §§342.251 et seq.

Currently, the maximum payday loan amount in Texas is not specified.

The maximum financing fee in Texas is not specified, however, it is rather high – 662% APR.

Loan fees and other charges vary regarding the loan amount. Roll-overs are NOT allowed.

All lenders must be licensed to provide payday loans in Houston (TX) no credit check/

Criminal actions against borrowers are prohibited.

Texas Payday Loan Regulations:

Legal Status Legal
Maximum Loan Amount
Not Specified
Minimum Loan Term 7 days
Maximum Loan Term Varies
Number of Rollovers Allowed 0
Interest Rate (APR) 662%
Finance Charges >$30 => $1 for each $5
[$30 – $100] => 1/10 of the loan amount + $3 /mo (<$35)
[$35 – $70] => $3.50/mo + $4/mo (>$70)
>$100 => $10 + $4/mo for each $100