Kansas Consumer Protections: Kansas allows payday lending with a $500 cap and $15 per $100 fee limit. Rollovers are prohibited. The Office of the State Bank Commissioner regulates consumer lenders, and complaints can be filed with the OSBC or the Attorney General's Consumer Protection Division.
Interest Rate Cap: Kansas usury cap: 15% for agreements; payday loans capped at $500 with $15 per $100 fee.
Key Regulations: - Payday loans capped at $500 with a maximum fee of $15 per $100.
- Cash advance loans limited to 30-day terms with no rollovers.
- Licensed supervised lenders can charge rates exceeding the usury cap.
- The Kansas Consumer Protection Act prohibits deceptive lending practices.
Federal protections: The FCRA gives you the right to dispute inaccurate credit report information for free. Credit repair companies cannot charge before performing services (Credit Repair Organizations Act).
Free resources: Get a free credit report annually at AnnualCreditReport.com.
File complaints with Kansas Attorney General Consumer Protection Division.