 TITLE: What Is a Payday Loan and How Does It Work? CONTENT: How Can I Find out If a Payday Lender Is Licensed in My State?\n--------------------------------------------------------------\nNot all states allow payday lending, but those that do require payday lenders to be licensed. If a payday loan is made by an unlicensed lender, the loan is considered void. This means that the lender doesn't have the right to collect or require the consumer to repay the payday loan.\nEach state has different laws regarding payday loans, including whether they're available through a storefront payday lender or online. In states that allow payday lending, you can find information about licensing through your state's bank regulator or state attorney general. END