
			<p>No payday loan may have a minimum term of less than 13 days and does not exceed 120 days.</p>

			<p>Except for an installment payday loan, no payday loan may be made to a consumer if the loan would result in the consumer being indebted to one or more payday lenders for a period in excess of 45 consecutive days.</p>

			<p>A payday loan shall also include any installment loan otherwise meeting the definition of payday loan contained in &sect;1-10, but that has a term agreed by the parties of not less than 112 days and not exceeding 180 days; hereinafter an &quot;installment payday loan.&quot;</p>
			