Payday Loans; limiting interest to a maximum annual rate of 36 percent. (HB188)

Introduced By

Progress

√	Introduced
X	Passed Committee
☐	Passed House
☐	Passed Senate
☐	Signed by Governor
☐	Became Law

Description

Payday loans; permitted interest. Repeals provisions of the Payday Loan Act that authorize lenders to charge a loan fee or verification fee, thereby limiting permissible charges on payday loans to simple interest at a maximum annual rate of 36 percent. View Full Text »

Outcome

Bill Has Failed

View Bill's History

Duplicate Bills

The following bills are identical duplicates of this one: SB21.

Poll Results

11 votes

Bill Text

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