State lending law research, explained.

State lending law research in plain words: one question, a different answer in every state

The life of one state-law question, in five steps

1. Someone asksProduct wants one late fee for a new installment loan: "What is the most we can charge?"
2. The facts are fixedWhich product, secured or not, the loan size and payment, the lender's charter, the states in scope.
3. Every state is researchedThe controlling section found and read, the cap worked out on the payment, amendments and pending cases checked, each answer cited. This guide is about this step.
4. Counsel reviews, policy followsCounsel reads the answer and signs any exception to the company's own fee policy.
5. The answer has to stay trueEvery later amendment, court ruling or index move can make it wrong, and someone has to notice.

The example at the top of the page is fictional. The rules cited in this part are real, each with its source.

Four surprises in state usury and fee law

Usury limit, exportation, opt-out, true lender: the terms defined

Fourteen terms are defined in the glossary.

The questions a multistate lender asks every week, and the layers of law each answer must read

In shortMost questions fall into six families: rates, fees, disclosures, conduct, licensing triggers, and whether a rule reaches the lender at all. Each answer reads several layers of law at once: statute, regulation, regulator guidance and the court and enforcement record. A free regulator-verified survey covers the broad strokes; a lender's own product questions start where it stops.

Statute, regulation, guidance, courts: the layers behind a state-law answer

The free starting point, and its limits

Most teams start with the Conference of State Bank Supervisors' 50-State Survey of Consumer Finance Laws. It covers "consumer loans" as each state defines them, licensing and lending requirements, mandated loan terms and fee limits, and its information "has been reviewed and verified by the appropriate state regulatory authority." Its limits are stated as plainly: "payday, title lending, retail installment lending, and other more targeted license types are not included," and "State information will be updated on an annual basis."10 A lender with a retail installment product, an indexed cap or a question about this month's text has to go further.

Banks, licensed lenders and bank partnerships: which state's limits reach each kind of lender

In shortBefore reading any state's cap, place the lender. National banks charge their home state's rate, fees included, anywhere. State-chartered insured banks may do the same unless the borrower's state has opted out. State-licensed lenders follow each borrower's state in full. Bank partnership programs sit in between, decided case by case under true-lender tests.

National banks: interest is what the home state allows, and late fees count as interest

The National Bank Act lets a national bank charge the interest its home state allows on loans to borrowers anywhere. The OCC's rule defines that interest broadly, including "numerical periodic rates, late fees, creditor-imposed not sufficient funds (NSF) fees" and other charges. It also says the federal definition "does not change how interest is defined by the individual states" for state-law purposes, and that permissible interest "shall not be affected by the sale, assignment, or other transfer of the loan."2

For other state laws, the Supreme Court held in 2024 that the National Bank Act preempts a state law only where it "prevents or significantly interferes" with a national bank's powers, a test applied case by case.11

State banks: the same power, unless the borrower's state opts out

Section 521 of the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA), codified at 12 U.S.C. § 1831d, lets an FDIC-insured state-chartered bank charge the greater of one point over the 90-day commercial paper rate or "the rate allowed by the laws of the State, territory, or district where the bank is located." Section 525 lets a state say it "does not want this section to apply with respect to loans made in such State."12 The FDIC's rule fixes the answer at origination: whether interest is permissible "is determined as of the date the loan was made," unaffected by "a change in State law" or a later sale of the loan.13

Licensed lenders: every borrower's state, in full

A state-licensed nonbank lender gets no federal rate power. Each borrower's state applies: its rate cap, its fee caps, its waiting periods and its conditions. Florida shows how sharp the line is. A person lending $25,000 or less without the consumer finance license may not charge more than 18% a year, and "A loan for which a greater rate of interest or charge than is allowed by this chapter has been contracted for or received, wherever made, is not enforceable in this state."6 The license lifts the limit to 36% a year on the first $10,000, 30% on the next $10,000 and 24% up to $25,000.5

Partnerships: who is the true lender?

When a bank originates a loan that a nonbank markets, services or buys, the question is who the lender really is. In 2020 the OCC adopted a rule that would have settled it for national banks; Congress disapproved it, and the rule "shall have no force or effect," by a resolution approved June 30, 2021.14 Since then the answer is again for state law and the courts (section 07).

Usury limits by state in 2026: the 36% APR caps, the states above them and the two with none

In shortAlmost every state caps the APR on a small installment loan from a licensed lender, but the caps run from 16% to 305% on the same $500 loan, and they fall as loans get larger. Twenty jurisdictions sit at 36% or below. Several states have adopted all-in caps near 36% since 2021, and some caps follow a market rate, so they move without any new law.

The National Consumer Law Center surveys the highest APR, fees included, that a licensed nonbank lender may charge on three closed-end unsecured loans in every state. Its December 2025 chart counts "45 states and DC" that cap the rate on a $500 six-month loan, "43 states plus DC" for a $2,000 two-year loan and "42 states plus DC" for a $10,000 five-year loan. Idaho, Utah and Wisconsin only prohibit unconscionable rates on the $500 loan; Delaware and Missouri have "no limit whatsoever."1

Why 36% keeps coming up

NCLC calls 36% "a widely-accepted maximum rate for small loans," and adds that for larger loans "36% is a very high rate." Its arithmetic: raising the rate from 25% to 36% "adds over $4,000 to the cost of a $10,000, five-year loan."1 The same organization told Rhode Island legislators in 2025 that going from 21% to 36% on that loan adds $5,448 in interest.16

Recent all-in caps and anti-evasion laws

Caps that move without a new law

Some caps are tied to a market rate. California's Financing Law caps consumer loans of $2,500 to under $10,000 at 36% a year plus the federal funds rate in effect on the first day of the month before the loan is made, as published in the Federal Reserve's H.15 release (Cal. Fin. Code § 22304.5).22 The California regulator fined one lender $1 million in October 2025 and had it return $218,705.38 to borrowers for fees and interest above those limits.23

With the effective federal funds rate at 3.88% on October 29, 2026, the cap would sit near 39.9%.24 Washington's general usury limit is the higher of 12% or "four percentage points above" a 26-week Treasury bill yield, reset monthly from an auction.25 An answer saved as a single number is right for one period only; it should be saved as the formula with the date it was worked out.

Late fee limits by state: why "the most we can charge" has four parts and a payment

In shortA fee rule has an amount, a form (flat, a percentage, or the greater or lesser of the two), a wait before it may be charged, and conditions such as a written agreement. A percentage rule has no value until it meets a payment. Work every state's rule out on the same reference loan, and check that the section read is the one that governs that loan.

The four parts of a fee rule

The fourth part is scope: which loans the rule covers. Florida sets different caps for payments due monthly ($15), semimonthly ($7.50) and every two weeks ($7.50 or $5, depending on how many payments fall in the month).5

Texas sets one default charge for its general consumer loans, "five cents for each $1 of a scheduled installment," and a separate one for small loans, where a lender may contract for "5% of the scheduled installment amount or $10, whichever is greater."8,7 The small-loan rule applies only up to an indexed maximum cash advance built on a $100 reference base: $920 for loans made from July 1, 2026 to June 30, 2027, or $1,840 for the larger-advance loans of § 342.259.27,28 A $5,000 loan is far above both.

The same payment under four real rules

Five percent of $182.40 is $9.12. Under Texas's general rule that is the cap. A policy that charges "5%, minimum $15" charges $15 there, $5.88 more than the law allows on every late payment. In Florida and Colorado the same $15 sits exactly at the cap, as long as the lender also waits the 12 or ten days and has the written agreement. A one-line table reading "Florida: $15" is right about the amount and silent on the wait, which is where a fee charged on day 11 goes wrong.

Returned-payment and other fees follow their own rules

A returned-payment fee usually sits in a different section from the late fee, with its own amount. Florida's consumer finance act allows "a bad check charge of not more than the greater of $20 or an amount equal to the actual charge made to the lender."5 Texas sets its dishonored-payment fee by reference to its commercial code.29 A lender's fee schedule therefore needs a separate researched answer for every fee, in every state.

Interest rate exportation and the DIDMCA opt-outs: Colorado's 2023 law, the Tenth Circuit and Oregon's 2026 law

In shortIowa has long opted out of DIDMCA's rate exportation. Colorado opted out from July 1, 2024, but a court has blocked enforcement against the challengers' members since June 2024; the full Tenth Circuit set argument for August 18, 2026, and we found no ruling by October 31. Oregon opted out for consumer finance loans from June 5, 2026 and was sued ten days later. More states have bills pending.

What "made in" means is the whole case

Colorado's law opts the state out for "consumer credit transactions" made or renewed on or after July 1, 2024, so Colorado's Uniform Consumer Credit Code rates apply.21 Industry trade groups sued. The district court read a loan as "made where the lender is located and performs its lending functions," and enjoined Colorado in June 2024. A Tenth Circuit panel reversed 2–1 on November 10, 2025, holding that a loan is made in an opt-out state when either the lender or the borrower is located there.33,30

On April 2, 2026 the full court granted rehearing and vacated that judgment, "effectively restoring the district court's preliminary injunction."9 Twenty-one states, led by Utah, filed a brief for the challengers on June 4, 202634, and argument was set for August 18, 2026.4

Oregon: a narrower opt-out, the same fight

Oregon's HB 4116, signed April 7, 2026, opts out for consumer finance loans made in the state.31 It took effect June 5, 2026, and targets loans of $50,000 or less that out-of-state state banks make to Oregon borrowers above Oregon's 36% cap. AFSA, the National Association of Industrial Bankers and the Online Lenders Alliance sued on June 15, 2026, arguing the law is preempted and burdens interstate commerce.15 They moved for a preliminary injunction in the District of Oregon on July 9, 2026.32 We found no ruling as of October 31, 2026.

Bills to watch

In early 2026 Rhode Island reintroduced a combined opt-out and true-lender bill (SB 2206 on January 23, HB 7850 on February 27), New York proposed a true-lender bill (A 10133, February 3), and Wisconsin had a true-lender bill pending since December 2025.30 An opt-out leaves a national bank's own rates alone: section 525 reaches only the state-bank power in section 521, and national banks lend under the National Bank Act.12 True-lender bills can still reach the companies that partner with any bank.

True lender laws by state: when the company behind a bank's loan has to follow state rate caps

In shortWith the OCC's rule gone, states decide who the true lender is. At least six states have written tests into statute since 2021, most built on who holds the "predominant economic interest." Courts still go both ways: in May 2026 a California trial court found a bank was the true lender in a partnership program, and the state appealed.

Critics call the arrangement "rent-a-bank": a nonbank designs and runs a loan program, a bank in a state with no rate cap originates the loans, and the nonbank buys them or most of their revenue. NCLC's 2025 testimony describes nonbank lenders that "typically" design and own the program, process applications, approve loans, collect payments and take "up to 96%" of the revenue, and lists Connecticut, Illinois, Maine, Minnesota, New Mexico and Washington among the states that have codified the true-lender doctrine "since 2021,"16 a list it repeated in April 2026.35

The statutes: Illinois, 815 ILCS 123/15-5-15 (2021); Maine, 9-A M.R.S. § 2-702 (Public Law 2021, chapter 297); New Mexico, N.M. Stat. § 58-15-3 (in force January 1, 2023); Connecticut, Conn. Gen. Stat. § 36a-556(d) (Public Act 23-126, in force October 1, 2023); Minnesota's 2023 consumer small-loan and short-term loan amendments (in force January 1, 2024); and Washington's Consumer Loan Act, chapter 31.04 RCW, as amended by SSB 6025 in 2024.36,37,19,38 Industry groups dispute the label and the economics; the courts decide each program on its facts.

What the tests look at

The California case, and why it is still open

California's regulator argued that OppFi, the program manager, was the true lender of loans above California's limits that its partner FinWise Bank originated. On May 19, 2026 the Los Angeles County Superior Court disagreed: the bank originated the loans, funded them with its own capital, controlled underwriting, kept an interest and oversaw the program, so "the loans were lawfully made by an FDIC-insured state bank." The regulator filed its notice of appeal on July 21, 2026.17 A research answer on a partnership program in California should say the trial-court ruling is on appeal.

Commercial financing disclosure laws by state: California, New York and the ten states that followed

In shortConsumer protection now reaches small-business financing in a dozen states. Most require a consumer-style disclosure of the cost, often as an annual rate, on offers below a dollar threshold, and some add registration. Each state draws the line at a different size and covers different products, so a lender to small businesses needs its own fifty-state table.

Georgia, Missouri and Virginia complete Venable's list of ten states (March 2, 2026), and a New Jersey bill was pending.39 The laws sit outside federal consumer credit rules, so they are found only by reading each state's code.

State regulators and attorneys general after the CFPB pulled back: new powers and what they enforce

In shortIn May 2025 the CFPB withdrew its reading that states could enforce federal consumer finance law broadly, while saying state powers under other laws were untouched. States have their own laws and are adding to them: New York added "unfair" and "abusive" to its consumer protection law in 2025, Illinois licensed buy-now-pay-later lenders in 2026, and California extended its lending law to small-business financing.

On May 15, 2025 the CFPB rescinded its 2022 interpretive rule on states' power to enforce the Consumer Financial Protection Act, saying "it is not altering, limiting, or affecting the authority of States" to act under any separate provision of state or federal law.50 A Mayer Brown review that August found "We have not seen a dramatic increase in state actions to date," and noted "reports of former CFPB staff joining various state regulator and attorney general offices."51 The industry association AFSA counted six states that had used the federal law's state-enforcement tools.52

Laws states added in 2025 and 2026

For a research team the point is volume: every new state law adds sections to read, effective dates to track and answers that depend on them.

How often state lending laws change, and the four ways a saved answer stops being true

In shortNo one publishes a count, so the honest answer is "often, and unevenly." A saved answer goes stale when its section is amended, when an indexed cap moves, when a court rules on whose law applies, or when guidance it leaned on is withdrawn. Keep every answer with its citations and an "as of" date, and know which answers rest on which sections.

Four ways an answer goes stale

When a new rule applies to a loan

A change usually reaches loans made after its effective date, and the act says so. Colorado's opt-out applies to consumer credit "made or renewed on or after July 1, 2024."21 For state banks, the FDIC rule fixes permissible interest at the date the loan was made, unaffected by "a change in State law."13 An answer therefore needs two dates: the version of the law it read, and the loans it covers.

Keeping state-law answers current: what Fed examiners look for

A Federal Reserve examiner's guide to change management describes five steps: identify new or revised laws and products and their risks, name the people responsible, build an action plan that covers research, impact, systems, policies and training, track due dates and report to management, and test after the change goes live. It adds that "the institution remains responsible for ensuring that the output from vendor-provided systems" meets regulatory requirements.56 For a multistate lender, the first step depends on a list nobody keeps by default: which saved answers, policy clauses and contract templates cite which state sections.

What a wrong state-law answer has cost lenders: refunds, penalties and loans a court will not enforce

In shortAn overcharge repeated on every loan in a state becomes a refund program, a penalty and sometimes an unenforceable loan. California's regulator alone ordered more than $5 million in penalties in three 2025–2026 cases about rates, fees or disclosures, plus refunds. The costs that are hardest to see are product decisions made on an answer that was already out of date.

The largest of the three, against Navitas Credit Corp. in June 2026, combined unlicensed lending and payments to unlicensed brokers with interest and fees above California's limits on loans under $5,000: a $4 million penalty, $78,000 in costs and refunds to the borrowers overcharged. The report we read does not say whether the company admitted the findings.57 The second was about exactly the arithmetic section 04 describes: fees and interest above the limits on loans of $2,500 to $10,000.23

Where the cost lands

Using AI for state law research: hallucination rates, the 2026 supervisory view and the checks that matter

In shortSoftware can read 51 codes in parallel and do the arithmetic, and it can also state a wrong rule with confidence. Independent studies found general chatbots wrong on most federal case-law questions and specialist legal tools wrong on 17% to 33% of queries. The useful test is whether every answer carries its passage, so a person can check it in seconds, and whether the tool says when the text does not settle the question.

The first study asked general models specific, checkable questions about federal court cases and found legal hallucinations "between 58% of the time with ChatGPT 4 and 88% with Llama 2."59 The second tested commercial legal research tools that retrieve sources before answering and found they "hallucinate between 17% and 33% of the time."60 Neither tested state lending statutes, which are less often discussed online than federal cases and change on their own schedules.

SR 26-2 and the state supervisors' 2026 AI framework

Five checks before relying on software for state-law answers

• Every state answer carries the passage it comes from and the version date, one click away.
• Amounts are quoted from the text, then worked out on the stated loan, with the arithmetic shown.
• A second, independent read compares each answer with its passage and removes what the passage does not support.
• Where the text is ambiguous, or two sections conflict, the tool says so and a person decides.
• Whether a rule reaches the lender (sections 03, 06 and 07) stays with counsel.

How compliance teams answer fifty-state questions today: who is involved, the hand-offs and where a day goes

In shortA question passes from product to an analyst, from the analyst to counsel, and back to product, and its sources rarely travel with it. Most of the analyst's day goes to finding and reading 51 sections; the judgment at the end gets the least time. Teams mix a free regulator survey, paid surveys and alerts, outside counsel for hard questions, and their own spreadsheets.

Who handles a fifty-state question: analyst, counsel, product, licensing, CCO

From product's question to a signed state-by-state table

Finding and reading 51 sections fill the analyst's day

The people are skilled and well paid. Compliance officers earned a median of $38.81 an hour in 2025 and lawyers $76.76.63,64 Wages were 70.0% of private employers' compensation costs in June 2026, so a loaded hour is about $55 for a compliance officer and about $110 for a lawyer.65 Compliance costs weigh most on small institutions: in a St. Louis Fed study of 2014 data, banks under $100 million in assets spent 8.7% of noninterest expense on compliance, against 2.9% at banks of $1 billion to $10 billion, and personnel was "by far, the largest category."66

Free survey, paid charts, outside counsel, spreadsheets: where answers come from

The fourth is the team's own spreadsheets and email: fast to start, and the place answers lose their citations and dates.

Larkhaven's late-fee question: 51 jurisdictions answered in 41 seconds, 14 policy breaches found, one exception signed

In shortThis is the example from the top of the page, inside the product. Rachel Nwankpa, the senior compliance analyst, asks one question with the product's reference loan. State readers, one software agent per jurisdiction, answer in parallel, a checker reads each answer back against its passage, the company's fee policy is laid over the map, and the 14 jurisdictions where the policy breaks the cap come back as a drafted exception. Hannah Strandmark, associate general counsel, reviews and signs.

1

The question, with the loan it is about

Tuesday, October 13, 2026, 9:12 a.m. Tomás Reyes in product wants one late fee for the Flex Installment Loan. Rachel types the question in plain words. The facts come from the reference loan in Settings: a consumer installment loan, unsecured, $5,000 over 36 months, a payment of $182.40, rules in force on October 13, 2026.

She presses "Ask every state." The map fills as each state's reader finishes: 22 of 51 a moment later, then all 51.

2

How the answer was built, step by step

The research agent restated the question with its facts and scoped 51 jurisdictions. Fifty-one state readers read 214 candidate passages in parallel and worked out each cap on the $182.40 payment, applying "whichever is greater" or "less" as written. The citation checker read every answer back: 58 passages, 58 supported, none removed.

Change watch flagged three states as changed inside 90 days, and the policy gap agent laid clause 4.2 of the fee policy over the result. The last step is a person's: Rachel decides what to save and send.

3

The answer on the map, every state cited

Fifty-one of 51 answered in 41 seconds, 58 passages cited. The map shades each state by its cap on the $182.40 payment: 8 at $10 or less, 6 from $10.01 to $14.99, 21 from $15 to $25, 9 above $25, and 7 with no fixed cap beyond the contract. These are the demonstration library's figures, so read them as a picture of the method.

Hover a state for the plain answer, the arithmetic and the citation.

4

Texas, opened to its passage

Rachel clicks Texas. The section opens as a page with the passage highlighted and, in the margin, the plain answer, the arithmetic, the citation checker's verdict and the policy check: the $15 minimum is above the Texas cap.

The real Texas answer for this loan is lower than the screen shows. The screen reads the small-loan rule, 7 Tex. Admin. Code § 83.602, which allows "5% or $10, whichever is greater." A $5,000 loan falls under the general consumer-loan rule instead, Tex. Fin. Code § 342.203(d): "five cents for each $1 of a scheduled installment," or $9.12 on this payment.8,7 The policy breaks the cap either way.

5

The policy laid over the answer, then signed

Clause 4.2 of Larkhaven's fee policy, CP-14, says "5% of the late installment, minimum $15." Laid over the map, it is above the cap in 14 jurisdictions. The policy gap agent drafts the fix: in those 14, the late charge is the lesser of the policy's amount and the most the state allows. It also notes that the $25 returned-payment fee in clause 4.4 is above the cap in 20 jurisdictions.

Rachel sends the draft to counsel. At 9:31 a.m., nineteen minutes after the question, Hannah Strandmark signs the exception with Schedule A attached.

The solution's design target is under one minute to answer a question for 51 jurisdictions, with every state answer cited to the section it comes from. Both are targets, to be measured on your own questions. In this run the signed exception came 19 minutes after the question was asked.

Nine more screens: the state-by-state table, a second question, the change feed and the team's saved answers

In shortThe map is one view of the answer. The same answer is a 51-row table to filter and export. A second question re-colors the same map. The change feed lists what moved on watched topics; the library keeps every saved answer with its review and marks it stale when a rule underneath changes; the rule library shows what is read and how fresh it is.

Select any screen to open it larger. Larkhaven, the people, the policy and the figures are fictional; the state rule text is the product's abbreviated demonstration library.

Five agents read, check and draft; the analyst decides what is sent and counsel signs every exception

In shortEach agent has one job and limits it does not cross. None of them answers without a passage, edits a policy or sends anything outside compliance. The analyst decides what is saved and sent; counsel reviews every saved answer before it leaves compliance and signs any policy exception.

The analyst sends, counsel signs, the CCO owns the fee policy

Every question, its loan facts, every passage returned, the checker's verdicts and every review and signature are kept in the audit trail with who and when. Agent steps and human decisions are recorded separately.

Larkhaven's compliance, product and licensing team

Statutes, codes, guidance, orders and your own policies in; cited state-by-state answers and signed exceptions out

In shortIt reads the sources a compliance team already follows and the company's own policies, and leaves behind cited answers on a map and in a table, a library of reviewed answers that know when they are stale, and drafted policy exceptions for counsel. The systems of record stay where they are.

Legal research, policy and pricing systems to connect

For each, check whether it has an API, a file feed or only screens, who owns it, and what your license terms allow.

Cited, flagged when stale, signed by counsel: every state answer

The cost of state-law research done by hand: analyst days, counsel hours and overcharges that become refunds

In shortStart from your own numbers. Nobody publishes how long a fifty-state question takes or how often in-house answers are wrong. What can be sourced is the price of the people and what regulators have ordered when a rate or fee was wrong. The biggest cost is the one that repeats: a fee charged above a cap on every loan in a state until someone reads the statute again.

Pricing your own state-law questions: six costs and where they hide

Refunds, forgone fees and exam evidence: costs outside the arithmetic

What faster, cited state-law answers return: analyst and counsel hours, fewer outside surveys, against the yearly cost

In shortPut in your own numbers. The calculator starts from published wages and asks you for the rest: how many fifty-state questions you answer, the hours they take now and after, counsel's review time, the outside surveys you buy, and what a tool costs a year. Every default marked illustrative is an assumption to replace.

Six ways cited state-law answers pay back

Your analyst and counsel hours back on fifty-state questions

A national consumer lender answering three or more fifty-state questions a week clears the first line. A lender in four states that asks a fifty-state question twice a year does not, and a free survey plus counsel may serve it better.

How ready your compliance team is to automate state-law research: volume, citations, policies and review

In shortPick the answer closest to your team today. Eight questions score 0 to 2; the last is for reflection. The meter adds up your score as you go, and each question says why it matters and what a strong answer sounds like.

Next steps for a state-law research team at each score

What to ask a state-law research vendor about citations, versions, the reach of a rule and your own policies

In shortAsk every vendor the same questions, us included. The answers show what the tool reads, how each answer is tied to its passage, how it handles a rule that does not reach you or a case still pending, and how you would measure it on your own questions.

Published tests found false answers in 17% to 33% of queries even in specialist legal research tools.60 A test on your own signed answers is the fairest comparison, and the same test measures your current process.

Test a state-law research tool on questions your counsel already signed, then run it beside your team

In shortCollect questions your counsel has already answered and signed, run them blind, and score every state's answer against counsel's. Then run the tool beside your team on live questions for a few weeks. Decide on agreement, wrong-section errors and the minutes counsel spends checking.

1. Log a month of questions with who asked, states covered and hours spent. That is your baseline.
2. Collect 20 to 30 signed answers across fees, rates, notices and collection, including at least one where a rule did not reach you.
3. Run them blind and score each state answer: agree, disagree, wrong section, unsupported sentence.
4. Run beside the team on live questions for four weeks, with counsel reviewing both versions.
5. Decide on three numbers: agreement by state, wrong-section errors, and counsel minutes per answer.

Scoring the pilot state by state, section by section

State lending law questions answered: usury limits, 36% caps, late fees, DIDMCA opt-outs and true lender

In shortThe questions compliance teams and buyers search for most, each answered on its own, as of October 2026. The answers explain the law in general terms and are not legal advice.