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2012 SESSION

• | print version

SB 98 Open-end loan plans; caps finance charges.

Introduced by: John S. Edwards | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Open-end loan plans; finance charges.  Caps the finance charges and other charges and fees that may be imposed on extension of credit under certain open-end credit plans at an annual rate of 36 percent if the maximum amount that may be advanced under the plan does not exceed $2,500. If the maximum amount that may be advanced exceeds $2,500, the lender may impose finance charges and other charges and fees at such rates and in such amounts as the parties may agree.

FULL TEXT

• 01/09/12  Senate: Prefiled and ordered printed; offered 01/11/12 12101210D  pdf | impact statement

HISTORY

• 01/09/12  Senate: Prefiled and ordered printed; offered 01/11/12 12101210D
• 01/09/12  Senate: Referred to Committee on Commerce and Labor
• 01/20/12  Senate: Assigned C&L sub: Payday Loans
• 02/06/12  Senate: Passed by indefinitely in Commerce and Labor (11-Y 5-N)