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2010 SESSION
SB 21 Payday loans; limiting interest to a maximum annual rate of 36 percent.
Introduced by: Mamie E. Locke | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Payday loans; permitted interest. Repeals provisions of the Payday Loan Act that authorize lenders to charge a loan fee or verification fee, thereby limiting permissible charges on payday loans to simple interest at a maximum annual rate of 36 percent.
FULL TEXT
HISTORY
- 12/23/09 Senate: Prefiled and ordered printed; offered 01/13/10 10100361D
- 12/23/09 Senate: Referred to Committee on Commerce and Labor
- 02/08/10 Senate: Incorporated by Commerce and Labor (SB250-Reynolds) (15-Y 0-N)
- 02/15/10 Senate: Reconsidered by Commerce and Labor
- 02/15/10 Senate: Failed to report (defeated) in Commerce and Labor (5-Y 10-N)