Connecticut Small Loan Collection Check

Live. Collecting a Connecticut small loan? C.G.S. 36a-558: 36%/25% APR caps, banned terms and fee limits; a non-conforming loan is void, nothing collectable.

Collecting a Connecticut small, online or payday-style loan ($50,000 or less above 12% APR)? Checks each loan and contact against C.G.S. 36a-558: APR caps (36% or MLA under $5,000, 25% to $50,000, 15/17/19% vehicle), banned terms (default-rate increase, balloon, negative amortization, prepayment penalty, adjustable rate, class waiver, discretionary call, security interest), late-fee, returned-payment and post-maturity limits. A non-conforming loan is void with nothing collectable (36a-558(c)); flags collecting it (36a-570, FDCPA) and criminal threats. Returns violation, review or ok per loan with citations. Nothing stored; not legal advice.

Price: $0.001 per call after 1,000 free per month.

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