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2012 SESSION
SB 186 Payday loans; permitted interest.
Introduced by: John C. Miller | 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
- 01/10/12 Senate: Prefiled and ordered printed; offered 01/11/12 12101643D
- 01/10/12 Senate: Referred to Committee on Commerce and Labor
- 01/20/12 Senate: Assigned C&L sub: Payday Loans
- 02/06/12 Senate: Incorporated by Commerce and Labor (SB28-Locke) (16-Y 0-N)