The company's decision came a year after the Legislature adopted a law imposing a 36 percent annual percentage rate cap on payday loans.
W. Allan Jones, Check Into Cash chief executive officer, said the new law hindered its efforts and proved too tough to work around.
"We tried to work within the constraints of the law, but lost money each and every month we tried to operate there under the new rules," Jones said. "We have proven that it cannot be done.
"We are saddened that we have been forced to close our stores, putting our employees out of work and leaving our customers without a service they appreciated."
