Consumer finance loans; caps maximum rate of interest. (HB103)
Introduced By
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Consumer finance loans; rate of interest. Caps the maximum rate of interest that a licensed consumer finance company may charge on any loan at 36 percent annually. The measure eliminates the existing provision that permits such licensees to charge any agreed-upon amount of interest on consumer finance loans over $2,500. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
12/14/2015 | Committee |
12/14/2015 | Prefiled and ordered printed; offered 01/13/16 16100511D |
12/14/2015 | Referred to Committee on Commerce and Labor |
01/12/2016 | Impact statement from SCC (HB103) |
01/26/2016 | Assigned to sub: Special Sub-Consumer Lending |
01/26/2016 | Assigned C & L sub: Special Sub-Consumer Lending |
02/04/2016 | Subcommittee recommends laying on the table (5-Y 2-N) |
02/16/2016 | Left in Commerce and Labor |