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2013 SESSION

• | print version

HB 1977 Open-end credit plans; prohibits anyone other than seller of certain goods from extending credit.

Introduced by: David E. Yancey | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Open-end credit plans. Prohibits anyone other than the seller of goods to be used for personal, family, or household purposes from extending credit under an open-end plan at interest rates that exceed the legal rate of interest. To extend credit under such a plan, the loan must be for the sole purpose of financing the bona fide purchase price of such goods.

FULL TEXT

• 01/09/13  House: Prefiled and ordered printed; offered 01/09/13 13102587D  pdf | impact statement

HISTORY

• 01/09/13  House: Prefiled and ordered printed; offered 01/09/13 13102587D
• 01/09/13  House: Referred to Committee on Commerce and Labor
• 01/15/13  House: Assigned C & L sub: #1
• 02/05/13  House: Left in Commerce and Labor