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Payday Loan Laws in Connecticut


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Laws:Connecticut has its own set of “small loan laws”, which help regulate the relationships between borrowers and lenders. In Connecticut there are no caps on interest fees: a lender may charge as much interest as a borrower is willing to pay. While there are other standards lenders must adhere to base on these small loan laws, in general one can expect to pay very high interest rates for payday loans in this state.