STATE OF MAINE SECURITIES DIVISION 121 STATE HOME FACILITY AUGUSTA, ME 04333
IN RE David Elliot L’Hoir, PayDay Today! U.S.A. Inc. and PayDay Today! U.S.A. Com, Inc.
NOTICE OF INTENT TO ISSUE CEASE AND DESIST PURCHASE 01-073
David Elliot LвЂ™Hoir (hereinafter described as “LвЂ™Hoir”) may be the creator and present President and Chief Executive Officer of PayDay Today! Today U.S.A. Inc. and PayDay! U.S.A. Com, Inc. (hereinafter collectively referred to as “PayDay”). PayDay is incorporated pursuant towards the rules associated with State of Nevada. PayDay runs a string of economic facilities in Southern Ca and it has a loan that is national center in Fort Lauderdale, Florida. PayDay runs through an internet website target. and advertises itself as having stores that are retail-affiliated.
PayDay is into the continuing business of providing deferred deposit loans to customers. These loans are tiny, quick unsecured loans that need payment in just a time period that is relatively short. The consumer provides PayDay with a personal check and receives cash less the interest and fees charged by PayDay in a payDay loan transaction. The check will be held for the scheduled duration of the time, generally speaking before the consumerвЂ™s next payday, or a single or two-week duration, thus the expression “payday” loan. Continue reading →