Motor vehicle title loans; caps rate of interest that may be charged. (HB325)

Introduced By

Del. Harvey Morgan (R-Gloucester)

Harvey Morgan (R-Gloucester)
Served: 1980–
with support from co-patron Del. David Toscano (D-57)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Motor vehicle title loans. Caps the rate of interest that may be charged on loans secured by a motor vehicle title at 36% per year.   View Full Text »

Status

01/19/2006: Awaiting a Vote in the Commerce and Labor Committee
View Bill's History