Consumer finance loans; rate of interest. (SB623)
Introduced By
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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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 »
Status
01/25/2016: Incorporated into Another Bill
History
Date | Action |
---|---|
01/15/2016 | Presented and ordered printed 16103452D |
01/15/2016 | Referred to Committee on Commerce and Labor |
01/19/2016 | Impact statement from SCC (SB623) |
01/25/2016 | Incorporated by Commerce and Labor (SB164-Surovell) (13-Y 0-N) (see vote tally) |