Payday Lender Zoning Restrictions Advance

Thur, Aug 21, 2008

Springfield’s building and zoning commission Wednesday approved a recommendation to limit the placement and numbers of payday and title loan businesses in the city.

The amended proposal, which still has to be approved by the Springfield City Council, calls for a minimum of 1,500 feet rather than 750 feet, as previously suggested, between payday and title loan outlets. It also excludes finance companies from the new limitations.

The terminology involved, and preventing loopholes that would enable payday loan companies to call themselves something else and avoid the restrictions, took up a big part of the discussion during a public hearing Wednesday night……

Source:: sj-r.com