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Payday Loan State Law Change Tracker: Effective Dates & Product Impact

Use Payday Loan State Law Change Tracker to evaluate inputs, estimated cost, timing or affordability and verify provider-controlled terms.

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✓Inputs✓Comparison✓Next step

Check the actual providerConfirm who makes the credit decision.

Normalize the costCompare fees, APR, total due and dates.

Stress-test repaymentProtect essential cash after the payment.

Complete guide

Answers, tradeoffs and next steps

Use the sections below to evaluate fit, not to predict approval.

A bill action is not the same as a law in force

Alaska’s SB 39 is a useful failure case: it passed the legislature but was vetoed on June 24, 2025. A tracker that only finds bill text would incorrectly rewrite the Alaska product. AK_VETO

Future effective dates need scheduled invalidation

Rhode Island’s deferred-deposit section is explicitly repealed effective January 1, 2027. Payday Hex stores that date now so the 2026 product page cannot remain live unchanged after the repeal. RI_2027

2026 changes can alter amounts, fees or who counts as a lender/arranger

Kentucky SB 219 increased the open deferred-deposit proceeds ceiling to $600 and created an annual-adjustment mechanism; Minnesota expanded consumer-small-loan arranging language to include substantial facilitation/marketing/lead generation. KY_2026 MN_2026

Interactive decision tool

Short-term cost calculator

Convert a finance charge into total due and annualized APR.

1Enter→2Compare→3Verify

Amount received$Finance charge$Days to repaymentdays

Illustrative resultEnter your numbers

Provider terms and current state requirements control any offer.

Decision infographic

Translate a short-term fee into full cost

Dollar fee, total due and repayment date belong together.

ReceivePrincipalCash delivered to you.

AddFinance chargeEvery required fee.

RepayTotal dueAt the stated date.

What controls the decision

AmountFix

FeeAdd

Due dateTest

3/3

Ready to compare

Inputs, provider disclosure and repayment fit must agree.

Three gates before you continue

1AmountBorrow only the actual gap?
2All-in costFee and APR visible?
3Exit pathTotal due fits the pay cycle?

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Apply the result to this decision

Use the remaining checks before moving to a provider form.

Internet/rate-export changes affect product legality even without changing a payday statute

Oregon HB 4116 took effect June 5, 2026 and closed a rate-export loophole for covered consumer finance loans. The tracker tags both the statutory event and the pages/products that require revalidation. OR_2026

Decision / data table

State	Verified event	Status/effective date	Product impact
Alaska	SB 39 payday/small-loan reform	Vetoed 2025-06-24	Do not apply proposed repeal/rate changes
Kentucky	SB 219	Law in 2026	$600 open-proceeds cap + annual adjustment + database fee changes
Minnesota	Ch. 124 §47.60 amendment	2026 law	Arranging includes substantial facilitation/marketing/lead generation
Oregon	HB 4116	Effective 2026-06-05	Closes high-interest rate-export loophole for covered consumer finance loans
Rhode Island	§19-14.4-5.1 repeal	Effective 2027-01-01	Expire deferred-deposit product logic

Lower-cost / safer / methodological alternatives

Open the exact state statute/regulator before relying on a summary.
Suppress a state field when primary sources conflict.
Keep historical snapshots for auditability rather than silently overwriting.

Quick comparison

What the product page must answer

Decision	Look for	Stop if
Availability	State eligibility and provider identity	The creditor or license path is unclear
Cost	Amount received, required fees, APR and total repayment	Only the payment size is shown
Timing	Decision, release and bank-posting stages	“Instant” is presented as guaranteed
Repayment	Exact dates, method and late-payment consequences	The payment reopens the same cash gap

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