Payday Loan in California. Current State Laws.

State: California
Statutory Citation: Civil Code 1789.30 et seq. Financial Code 23000 et seq.
Maximum Loan Amount: $300
Finance Charges: A fee for a deferred deposit transaction shall not exceed 15 percent of the face amount of the check.
Any person who violates any provision of §670 of the John Warner National Defense Authorization Act for Fiscal Year 2007 (Public Law 109-364) or any provision of §232 of Title 32 of the Code of Federal Regulations, as published on August 31, 2007, in Volume 72 of the Federal Register, violates this division.