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2011 SESSION
SB 752 Payday loans; permitted interest.
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
- 11/17/10 Senate: Prefiled and ordered printed; offered 01/12/11 11100437D
- 11/17/10 Senate: Referred to Committee on Commerce and Labor
- 01/17/11 Senate: Failed to report (defeated) in Commerce and Labor (4-Y 10-N)