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2002 SESSION

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HB 1197 Prohibited lending practices.

Introduced by: Allen W. Dudley | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Prohibited lending practices. Prohibits any person from engaging in the business of making, arranging or brokering short-term cash advances pursuant to agreements under which consumer checks, share drafts or authorizations to debit accounts of consumers are used as security for such advances, and the payment is deferred until a future designated date.


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