Payday lending charges; establishes maximum annual interest rate. (SB238)

Introduced By

Sen. Mamie Locke (D-Hampton)

Progress

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

Description

Payday lending charges. Establishes a maximum interest rate for payday loans of 36 percent annually. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2008Prefiled and ordered printed; offered 01/09/08 088675256
01/08/2008Referred to Committee on Commerce and Labor
02/01/2008Impact statement from SCC (SB238)
02/06/2008Assigned C&L sub: Special on Payday Lending
02/12/2008Left in Commerce and Labor