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2016 SESSION

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HB 634 Payday loan offices and motor vehicle title loan offices; distance from military installation.

Introduced by: John J. Bell | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Payday loan offices and motor vehicle titleloan offices; distance from military installation. Prohibits the State Corporation Commission (SCC) from issuing a license for the operation of a payday lending office or motor vehicle title lending office if such office is within five miles of a military installation. The measure includes limitations on the SCC's authority to revoke or suspend an existing license when a violation of the five-mile provision exists on July 1, 2016, or when a violation would be created by the opening of a military installation after a license was issued.


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