2007 Department of Corporations Payday Loan Study: ERRATA

Due to questions the Department of Corporations has received on the 2007 Department of Corporations Payday Loan Study submitted by Applied Management and Planning Group, the following revisions to the report are provided for clarification purposes:

  1. The 9th Bullet page ix of the report should read:

    °       835,511 (73.0%) individual borrowers in the last 18 months only had one loan.  Of those with more than one loan, 308,638 borrowers, the average borrower had visited an average of 2.8 lenders.
  2. Table 1 on page x of the report 
  3. Table 12 on page 33

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