As more states are enacting payday loan legislation that limits the interest and fees on payday loans, online payday loan lenders are beginning to target consumers in certain locations. This is the case in states like Montana, who recently passed legislation (I-164) to limit the amount payday loan shops in Montana charge for interest. The new limit is set at 36%. While this limits the profits of brick and mortar payday loan businesses in Montana, some are worried Montana residents will fall victim to higher rates of interest via online payday loan lenders not licensed to do business in Montana. Many of these online lenders are located in different states, and in the past, unlicensed Internet lenders have ignored limitations on fees that may be charged in Montana. It is best to familiarize yourself with the laws in your state and ensure your payday loan lender in acting according to the proper laws and consumer protections in place.