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2016 SESSION

• | print version

HB 103 Consumer finance loans; caps maximum rate of interest.

Introduced by: Sam Rasoul | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Consumer finance loans; rate of interest. Caps the maximum rate of interest that a licensed consumer finance company may charge on any loan at 36 percent annually. The measure eliminates the existing provision that permits such licensees to charge any agreed-upon amount of interest on consumer finance loans over $2,500.

FULL TEXT

• 12/14/15  House: Prefiled and ordered printed; offered 01/13/16 16100511D  pdf | impact statement

HISTORY

• 12/14/15  House: Prefiled and ordered printed; offered 01/13/16 16100511D
• 12/14/15  House: Referred to Committee on Commerce and Labor
• 01/26/16  House: Assigned C & L sub: Special Sub-Consumer Lending
• 02/04/16  House: Subcommittee recommends laying on the table (5-Y 2-N)
• 02/16/16  House: Left in Commerce and Labor