How Do I Find Out if a Payday Lender is Licensed in My State?


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I have the following question: does a lender have to be registered in a certain state in order to lend money? How is this entire thing regulated? How can I see if there’s a licence, and most important, how can I check that it’s not fake? You know, I guess simply inspecting a website is not enough for me.
– Karen


The Answer

Checking to see whether a payday lender is legit to provide loans to customers in your state is an essential part of the background check that you should conduct before you accept a loan contract.

Beware Scammers

It is not enough to take the lender’s word for it. Scammers in the payday loan arena may sometimes claim to possess licensing they do not have.

Government Authorities

There are two government authorities you can contact to verify whether a payday lender has a license or not.

  1. The first option is to contact the office of the attorney general for your state.
  2. The second option is to check with your state’s bank regulator. The Consumer Financial Protection Bureau provides full contact information for all state bank regulators at this page.

Reviewed by: Casey Bond
Date Reviewed: Apr 22, 2019


SDL365 Works with Lenders That are Members of Online Lenders Alliance
The answer on this page is provided in collaboration with some of our trusted lenders who are proud members of the Online Lender’s Alliance. The purpose of the provided answers is to inform the consumers about the specifics of online lending. It should not be treated as legal advice or regulatory guidance. The information is updated periodically and may include links or references to third-party resources or content. SDL365 does not endorse any third-party nor does it guarantee the accuracy of the third-party information. We encourage you to consult other resources that might serve your needs and take into account your particular situation.


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