20. No payday loan provider shall impose or gather interest on a quick payday loan that is in standard.
No back-to-back loans
21. No payday loan provider shall create a pay day loan to an individual in the event that individual,
(a) has formerly been issued that loan by any payday lender and the mortgage is outstanding; or
(b) has paid back, in full, that loan to virtually any lender that is payday
(i) within the preceding a week, or
(ii) because the debtor’s last regularly recurring date for receiving earnings. Continue reading