Loan Amounts
The maximum loan amount for California residents is $255.
Based on your income and other factors, loan limits will be determined on an individual basis.
Loan Balances
Loan balance, including fees, cannot exceed $300.
Loan Terms
Maximum of 31 days
Permitted Fees
15% of the face value of the check. The fee charged for a deferred presentment loan is $17.65 per $100.00 borrowed.
Please see your loan agreement for the APR and other terms applicable to your loan.
Cooling Off Period
A customer may not enter into a new deferred deposit transaction within one business day of the completion of a previous deferred deposit transaction.
Example APR and Fee Schedule
The Annual Percentage Rate (“APR”) will vary depending on the length of your loan (see table below). The table below shows the Annual Percentage Rate (“APR”) and Fees Charged for loan amounts ranging from $50 to $255 and loan terms ranging from 14 to 30 days in length.
Finance Charge: $17.64 per $100 borrowed
Non-Sufficient Funds Fee: $15
Please see your loan agreement for the APR and other terms applicable to your loan.
Additional Information
Your Right to Rescind (Cancel) this Loan
A borrower may rescind a deferred presentment service agreement without cost for any reason, not later than the close of business on the business day following the date of the deferred presentment service transaction.
A customer cannot be criminally prosecuted or threatened with criminal prosecution to collect a delinquent deferred deposit transaction.
California law only allows each consumer to have one (1) deferred deposit loan with CheckCity.com at a time.
For additional information on payday loans in California:
California Department of Financial Protection and Innovation Brochure (English)
California Department of Financial Protection and Innovation Brochure (Español)
Loan License, Registration, and Certificates
We are licensed and regulated by the California Department of Financial Protection and Innovation pursuant to the California Deferred Deposit Transaction Law.
Address:
Financial Services
320 W 4th Street, Suite 750
Los Angeles, CA 90013
Phone: (866) 275-2677
Debt Collection License: #10829-99
CCO California, Inc. is not currently offering loans under the Finance Lender License. Updates to our website will be made when these loans are available.
Below you can find the certifications, licenses, and registrations that Check City works under in order to give our customers the best financial products we can provide.
