Consumer Notice Required By the State Of Minnesota
These loan charges are higher than otherwise permitted under Minnesota Law. Minnesota Law permits these charges only because short-term loans might not be available to consumers. If you have another source of a loan, you may be able to benefit from a lower interest rate and other charges.
Fees:
$.01 to $50.00 a Charge of $5.50
$50.01 to $100.00 a Charge of 10%
Plus $5.00 Administration Fee
$100.01 to $250.00 a Charge of 7% ($10.00)
Minimum, Plus $5.00 Administration Fee
$250.01 to $350.00 a Charge of 6% ($17.50)
Minimum, Plus $5.00 Administration Fee
A service charge, not to exceed $30.00 may be imposed immediately on any dishonored check.