A $600 cap with a sliding fee scale and a database that blocks stacking.
What a Cash Advance Costs in Michigan
Michigan caps a cash advance at $600, using a sliding fee scale that adjusts by loan size, and a statewide database tracks outstanding advances to prevent loan-stacking across lenders.
Loan Size, Term, and Renewal Rules
That combination of a dollar cap and real-time tracking is similar to the structure used in Florida, Kentucky, and Louisiana.
| Factor | Rule |
|---|---|
| Maximum advance | $600 |
| Fee structure | Sliding scale by loan size |
| Tracking | Statewide database |
Verify current rules with the Michigan Department of Insurance and Financial Services before applying with any lender — this summary is for general information only, not legal advice.
Comparing Your Options in Michigan
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