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2008 SESSION

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SB 670 Payday lending charges; establishes maximum annual interest rate.

Introduced by: A. Donald McEachin | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Payday lending charges.  Establishes a maximum annual interest rate for payday loans of 36 percent.  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

• 01/10/08  Senate: Presented and ordered printed 088798628  pdf | impact statement

HISTORY

• 01/10/08  Senate: Presented and ordered printed 088798628
• 01/10/08  Senate: Referred to Committee on Commerce and Labor
• 02/06/08  Senate: Assigned C&L sub: Special on Payday Lending
• 02/12/08  Senate: Left in Commerce and Labor