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2016 SESSION

• | print version

SB 623 Consumer finance loans; rate of interest.

Introduced by: Mamie E. Locke | 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

• 01/15/16  Senate: Presented and ordered printed 16103452D  pdf | impact statement

HISTORY

• 01/15/16  Senate: Presented and ordered printed 16103452D
• 01/15/16  Senate: Referred to Committee on Commerce and Labor
• 01/25/16  Senate: Incorporated by Commerce and Labor (SB164-Surovell) (13-Y 0-N)