Payday loans in New York: what the law allows
No. New York doesn't allow payday loans at typical payday costs. We haven't confirmed New York's car title loan rules yet.
New York
Payday loans
Not allowed
Car title loans
Not confirmed yet
“Payday loans are illegal in New York State. It is a violation of New York State law to make payday loans in-person, by telephone, or over the Internet.”
New York State Department of Financial Services
Checked 2026-09-15. Laws change; confirm with the regulator before you borrow.
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Common questions
Are payday loans legal in New York?
No. New York doesn't allow payday loans at typical payday costs.
Are car title loans legal in New York?
We haven't confirmed New York's car title loan rules yet.
How do I check a lender's license in New York?
Look the lender up with New York State Department of Financial Services, which licenses lenders in New York.
Do these rules protect service members?
Yes. The Military Lending Act limits payday and car title loans for covered service members to 36%, in every state.
Information, not legal advice. Laws change; confirm with the state regulator.