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2010 SESSION

• | print version

SB 425 Open-end credit plan loans; prohibits person extending credit from charging interest at higher rate.

Introduced by: Mark R. Herring | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Open-end credit plans; loans secured by motor vehicle title.  Prohibits a person extending credit under an open-end or similar plan from charging interest at a rate that exceeds 36 percent per year, unless the loan is secured by a bona fide purchase money security interest in goods sold by such person.

FULL TEXT

• 01/13/10  Senate: Prefiled and ordered printed; offered 01/13/10 10103764D  pdf | impact statement

HISTORY

• 01/13/10  Senate: Prefiled and ordered printed; offered 01/13/10 10103764D
• 01/13/10  Senate: Referred to Committee on Commerce and Labor
• 02/08/10  Senate: Failed to report (defeated) in Commerce and Labor (5-Y 9-N 1-A)