Payday & Title Loans in Idaho

Lending rules in Idaho

Rules marked "medium confidence" were checked against a published copy of the statute because the official site was unavailable to us. Confirm them with the official text before relying on them.

Payday loans (deferred presentment)

• The maximum principal amount of any payday loan in Idaho is $1,000. Source: Idaho Code § 28-46-412(2) · verified Oct 9, 2026 · medium confidence
• A licensee (and anyone under common control with it) cannot have more than $1,000 in aggregate principal outstanding to a single borrower, plus allowable fees. Source: Idaho Code § 28-46-413(1) · verified Oct 9, 2026 · medium confidence
• A payday lender cannot make a payday loan that exceeds 25 percent of the borrower's gross monthly income when the loan is made. Source: Idaho Code § 28-46-413(2) · verified Oct 9, 2026 · medium confidence
• A payday loan can be renewed no more than three consecutive times, after which it must be repaid in full. Source: Idaho Code § 28-46-413(9) · verified Oct 9, 2026 · medium confidence
• No payday loan can be repaid by the proceeds of another payday loan made by the same licensee or a person related to it by common control. Source: Idaho Code § 28-46-413(5) · verified Oct 9, 2026 · medium confidence
• Other than the borrower's check, a licensee cannot accept any property, title to property, or other evidence of ownership as collateral for a payday loan. Source: Idaho Code § 28-46-413(10) · verified Oct 9, 2026 · medium confidence
• A borrower can rescind a payday loan at no cost until the close of business on the next business day after the loan was made, by repaying the principal. Source: Idaho Code § 28-46-413(12) · verified Oct 9, 2026 · medium confidence
• A payday lender must allow a borrower, on request, one extended payment plan in any 12-month period, with at least four equal payments over not less than 60 days and no added interest or fees. Source: Idaho Code § 28-46-414 · verified Oct 9, 2026 · medium confidence
• No person may engage in the business of payday loans without a license, and a separate license is required for each location. A payday loan made without a license is void, uncollectible and unenforceable. Source: Idaho Code § 28-46-402 · verified Oct 9, 2026 · medium confidence
• A payday lender license applicant must have liquid assets of at least $30,000, plus $5,000 for each additional location up to $75,000 for all locations. Source: Idaho Code § 28-46-403(1)(a) · verified Oct 9, 2026 · medium confidence
• The written payday loan agreement must state the total fees charged, expressed both as a dollar amount and as an annual percentage rate (APR). Source: Idaho Code § 28-46-412(1) · verified Oct 9, 2026 · medium confidence
• Idaho sets no dollar or percentage cap on payday loan fees. Payday loans are regulated loans under the Idaho credit code (Idaho Code 28-46-401(2)), and that code says "the rate of finance charge shall be that which is agreed upon between the parties to the transaction." The payday part only says a licensee "may charge a fee for each payday loan" (28-46-412(3)) and requires the fee to be disclosed in dollars and APR. Source: Idaho Code § 28-42-201(1); 28-46-401(2); 28-46-412(3) · verified Oct 9, 2026 · medium confidence

Title loans

• No person may engage in the business of making title loans without first obtaining a license from the administrator. A title loan made without a license is void. Source: Idaho Code § 28-46-503 · verified Oct 9, 2026 · medium confidence
• A title loan agreement cannot exceed 30 days in length, although it may provide for renewals. Source: Idaho Code § 28-46-506(1) · verified Oct 9, 2026 · medium confidence
• Beginning with the third renewal of a title loan, the borrower must pay at least 10 percent of the original principal in addition to finance charges. Source: Idaho Code § 28-46-506(3) · verified Oct 9, 2026 · medium confidence
• A title lender cannot enter into a title loan agreement with a person under 18 years of age. Source: Idaho Code § 28-46-508(1) · verified Oct 9, 2026 · medium confidence
• Title loans can be secured only by a motor vehicle with a state-issued certificate of title, not a motor home, mobile home or manufactured home. Source: Idaho Code § 28-46-502(4) · verified Oct 9, 2026 · medium confidence
• A title loan, combined with other outstanding title loans on the same vehicle, cannot exceed the vehicle's retail value as determined by common motor vehicle appraisal guides. Source: Idaho Code § 28-46-508(3) · verified Oct 9, 2026 · medium confidence
• Idaho sets no rate cap on title loans. Title loans are regulated consumer loans under the Idaho credit code (Idaho Code 28-46-502(2)), and that code says "the rate of finance charge shall be that which is agreed upon between the parties to the transaction." Source: Idaho Code § 28-42-201(1); 28-46-502(2) · verified Oct 9, 2026 · medium confidence

Lenders in Idaho are licensed by the Idaho Department of Finance, Consumer Finance Bureau. See also online lenders and apps in Idaho.