SB 1038 Open-end credit plans.
Mamie E. Locke | all patrons    ...    notes
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Summary as introduced:
Open-end credit plans. Prohibits any person licensed to make motor vehicle title loans from engaging in the extension of credit under an open-end credit plan. The measure also prohibits a third party from engaging in the extension of credit under an open-end credit plan at any office, suite, room, or place of business where a person licensed to make payday loans or motor vehicle title loans conducts the business of making payday loans or motor vehicle title loans. Currently, licensed payday lenders are prohibited from extending credit under an open-end credit plan, and a third party is prohibited from extending credit under an open-end credit plan at a location where a licensed payday lender makes payday loans.

Full text:
01/04/17  Senate: Prefiled and ordered printed; offered 01/11/17 17102178D  pdf | impact statement

Status:
01/04/17  Senate: Prefiled and ordered printed; offered 01/11/17 17102178D
01/04/17  Senate: Referred to Committee on Commerce and Labor
01/16/17  Senate: Passed by indefinitely in Commerce and Labor (12-Y 2-N)