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2015 SESSION

• | print version

HB 1989 Motor vehicle title loans, payday loans, and open-end credit plans; caps interest rate.

Introduced by: J. Morrissey-Seat Vacated 3/25 | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Motor vehicle title loans, payday loans, and open-end credit plans; interest rate. Caps the rate of interest that may be charged on motor vehicle title loans, payday loans, and open-end credit plans at 36 percent per year. The bill also prohibits a lender from charging a membership fee, participation fee, or transaction fee in connection with any such extension of credit.

FULL TEXT

• 01/14/15  House: Prefiled and ordered printed; offered 01/14/15 15101965D  pdf | impact statement

HISTORY

• 01/14/15  House: Prefiled and ordered printed; offered 01/14/15 15101965D
• 01/14/15  House: Referred to Committee on Commerce and Labor
• 01/27/15  House: Passed by indefinitely in Commerce and Labor by voice vote