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Payday Loan

Know your rights if you have to get a payday loan

Last updated Friday, March 9, 2012 - 11:26pm

Those brightly lit, garish-looking storefronts that promise "CASH NOW!" and "NO CREDIT CHECKS!!!" are the purveyors of payday loans, or "deferred deposit loans," as the Utah Code prefers to call them.

The loans are usually for smaller amounts, between $50 and $500, but carry annual interest rates often exceeding 500 percent.

Business, Emergency, Budgeting, Business Law, Consumer Protection, Payday Loan, Staff column, State government, Utah, Utah Legislature Read more Comments

The Roy City Council is planning to pass an ordinance restricting the number and locations of pawn shops in the city and may add language about outdoor displays such as this one at EZ Pawn, 5672 S. 1900 West, seen Monday. (NICK SHORT/Standard-Examiner)

Roy officials ponder pawn shop restrictions

Rachel J. Trotter Standard-Examiner

Last updated Tuesday, February 14, 2012 - 12:31am

ROY -- Pawn shops will be few and far between in Roy, as city leaders plan to pass an ordinance that will limit pawn shops to one per 10,000 residents.

Business, City Government, Display, Law, Ordinance, Payday Loan, Utah, Featured Read more Comments

City eases title loan location requirements

Deanne Winterton Standard-Examiner

Last updated Sunday, October 23, 2011 - 10:50pm

RIVERDALE — After a recent change to a city ordinance, title loan companies do not have to worry about the distance their establishments are from residential areas.

City Government, Payday Loan, Utah, Zoning Read more Comments

(ERIN HOOLEY/Standard-Examiner) A Money 4 You payday loan business is open on Hill Field Road in Layton on Friday. The city placed a limit on payday loan businesses.

Layton limits number of payday loan shops

Jasen Asay Standard-Examiner Davis Bureau

Last updated Friday, March 18, 2011 - 6:40pm

LAYTON -- There are 17 title loan, payday loan and deferred deposit lending businesses in Layton, a number city officials have deemed too high.

In response, the city council has taken action to eventually bring that number down.

Thursday night, the council adopted an ordinance that regulates those lending businesses. The ordinance caps the number of businesses allowed in the industry, while eventually lowering the number to 13, and prevents them from existing within 1,500 feet of each other.

Business, City Council, Economy, Layton city, Payday Loan Read more Comments