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Capped at 15% of the loan — which the Commissioner’s own office calculates as 391.07% APR on a two-week $100 loan, formula included.
Office of the State Bank Commissioner
A licensed supervised lender may charge no more than 15% of the amount of the loan. The Commissioner’s office then does something most regulators do not — it works the example through: a $100 payday loan at a 15% finance charge over 14 days is 391.07% APR.Kansas · RegulatorKansas Office of the State Bank Commissioner FAQ — a licensed Supervised Lender can charge no more than 15% of the amount of the loan; the APR for a $100 payday loan with a finance charge of 15% and a term of 14 days is 391.07%
It even prints the formula: finance charge × 365 ÷ amount financed ÷ number of loan days × 100. You can run it on your own agreement in about fifteen seconds.
A licensed lender may charge one NSF fee and, after the maturity date, 3% per month of the outstanding amount. The Commissioner’s worked example: on a $300 payday loan past maturity, that is an extra $9 a month.Kansas · RegulatorKansas OSBC FAQ — a licensed payday lender can charge one NSF fee and 3% per month of the outstanding loan amount; after the maturity date of a $300 payday loan the lender can charge an additional $9 per month
Modest in isolation. But it is a charge that accrues indefinitely on an unpaid balance, which is worth knowing before you decide to let a loan run.
Reported limits are a maximum of $500 over 7 to 30 days, with no more than two loans outstanding with the same lender and no more than three in any 30-day period.
A separate Kansas statute bars garnishment of military pay on these loans and requires collection activity to be deferred while the borrower is deployed.
You can revoke authorisation and instruct your bank to stop the payment, whatever your agreement says.
What Regulation E says about automatic payments →
A payday loan is a consumer debt. If it goes unpaid, two Kansas rules decide what a lender can do next: how long it has to sue you, and how much of your pay a court can order taken.
Being sued over an old payday loan? A collector can still file, but the time limit is a defence you can raise — and you cannot be jailed for the debt. What can and cannot happen if you don’t pay →