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2015 SESSION

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SB 945 Payday loans; permitted interest.

Introduced by: John C. Miller | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Payday loans; permitted interest. Removes 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 interest at a maximum annual rate of 36 percent.


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