SB 1372 Consumer finance loans; rate of interest.
Richard L. Saslaw | all patrons    ...    notes
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Summary as introduced:
Consumer finance loans; rate of interest. Increases, from $2,500 to $4,000, the threshold under which consumer finance loans are subject to a maximum interest rate of 36 percent per year. Under this measure, a licensed consumer finance lender may charge interest (i) of not more than 36 percent on loans of $4,000 or less and (ii) at such rate as is stated in the loan contract on loans of more than $4,000.

Full text:
01/11/17  Senate: Prefiled and ordered printed; offered 01/11/17 17101494D  pdf | impact statement

Status:
01/11/17  Senate: Prefiled and ordered printed; offered 01/11/17 17101494D
01/11/17  Senate: Referred to Committee on Commerce and Labor
02/03/17  Senate: Passed by indefinitely in Commerce and Labor (15-Y 0-N)