News / Utah / 

Sandy City to Limit the Number of Payday Loan Stores

Sandy City to Limit the Number of Payday Loan Stores

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

(KSL News) Sandy City officials will limit the number of payday loan stores within city limits.

Last night the city council approved a measure that will allow only one non-depository financial institution for every 10,000 people. The city currently has 95,000 residents and 10 payday loan stores.

When the ordinance is enforced, the city will take into account population in unincorporated areas, boosting the population to 108,000, allowing one more store to open.

The City of Salt Lake is also looking at a similar measure.

Most recent Utah stories

Related topics



Catch up on the top news and features from, sent weekly.
By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

KSL Weather Forecast