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2008 SESSION

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HB 189 Payday lending charges; power of localities to regulate.

Introduced by: Robert G. Marshall | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Payday lending; power of localities to regulate.  Authorizes each locality to establish (i) a maximum annual interest rate for payday loans made within its jurisdiction and (ii) the maximum number of payday loans that payday lenders operating within its jurisdiction may, in a calendar year, make to a borrower residing in the locality. References in the Payday Loan Act to the fee that may be charged on such loans are revised to refer to the interest that may be charged.

FULL TEXT

• 12/26/07  House: Prefiled and ordered printed; offered 01/09/08 083008616  pdf

HISTORY

• 12/26/07  House: Prefiled and ordered printed; offered 01/09/08 083008616
• 12/26/07  House: Referred to Committee on Commerce and Labor
• 02/05/08  House: Tabled in Commerce and Labor by voice vote