(final updated 11/13/2019) pay day loans and payday loans are legal in Michigan. The Michigan Department of Financial and Insurance Regulation was regulating payday advances and payday loans since 28th, 2005 november. At the time of 01/15/2015 there have been 89 lenders that are licensed 618 licensed locations in Michigan. The maximum pay day loan allowed in Michigan is $600. The maximum cash advance as a portion of earnings is certainly not specified… Read More