Complete guide
Answers, tradeoffs and next steps
Use the sections below to evaluate fit, not to predict approval.
State-specific decision hinge
North Dakota’s product card must show cash proceeds, fee and total obligation separately because the $500 proceeds cap and $600 outstanding-obligation limit are different values.
Current state rule table
| State field | Current rule |
|---|---|
| Maximum actual loan proceeds | $500 |
| Maximum aggregate outstanding obligation | $600 |
| Maximum fee | 20% of amount paid to customer |
| Other fee | Actual database registration fee may be passed through |
| Renewal/deferral | Initial deferral plus one renewal may not exceed 60 days |
Product scenario
A $500 advance can carry up to a $100 fee under the 20% ceiling, bringing the obligation to $600 before any actual database pass-through fee where applicable.