Complete guide
Answers, tradeoffs and next steps
Use the sections below to evaluate fit, not to predict approval.
State-specific decision hinge
Delaware’s strongest product logic is loan-count/rollover eligibility plus lender-specific pricing. A user under the $500 amount definition can still be blocked by annual transaction history.
Current state rule table
| State field | Current rule |
|---|---|
| Short-term consumer-loan definition | $500 or less; stated repayment period under 60 days |
| Annual transaction limit | No more than 5 short-term consumer loans from all licensees in 12 months |
| Rollovers | No more than 4 rollovers of an existing short-term consumer loan |
| Rescission | Right to return the borrowed amount by close of the next business day without fee/charge |
| Pricing | Use the licensed lender's posted current rate/fee schedule; do not invent a statewide 'typical' fee |
Product scenario
Example logic: a sixth short-term consumer loan within the same 12-month window is not treated as an available product card. Payday Hex routes to alternatives instead of searching for a workaround lender.