When will payday loans be allowed in Temecula?
The city is considering the move, but a new ordinance in the works would prohibit payday loan centers, payday loan brokers and payday loan companies from opening.
Temecula is among the top payday loan states, and there’s no way the city would allow payday loans if it didn’t have a moratorium on them in place.
The moratorium would allow the city to ban payday loans for a short time, but it would expire if payday loans started popping up again.
A new bill has been filed in the Temeculos City Council.
The bill, filed last week, is a compromise that allows payday loans in Temecha but limits the number of payday loans a person can have.
If the ordinance passes, the City Council could take a vote on it on Wednesday.