Vermont Cash Loans

State Law

Vermont state law prohibits payday loans. The law stipulates that payday loan lenders (and other small loan lenders) must comply with the state’s criminal and small loan usury laws which severally restrict the allowable interest rates and fees to levels much lower than what a payday lender usually charges.

Maximum Loan

Not stipulated

Loan Terms

Not stipulated


Not stipulated

Fee Limits

Finance fees are highly regulated; there is a maximum annual interest cap of 24%. The lender may also charge a non-sufficient funds fee and $20 for collection costs.

Vermont Cash Loan Debate

If you feel a payday lender is operating unfairly or engaging in illegal collection practices, you can contact your Vermont Attorney General:

Office of the Attorney General
109 State Street
Montpelier VT 05609-1001