HB 346 Consumer finance companies; motor vehicle title loans, prohibited practices.
Peter F. Farrell | all patrons    ...    notes
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Summary as introduced:
Consumer finance companies; motor vehicle title loans. Prohibits any consumer finance company from making loans secured by a non-purchase money security interest in a motor vehicle at any location where a motor vehicle title lender is authorized to conduct business. Any loan contract made by a consumer finance company that violates this prohibition shall be unenforceable against the borrower. The measure also deletes an exception to the limits on the interest rate that may be charged when a consumer finance lender makes a motor vehicle title loan.

Full text:
01/05/16  House: Prefiled and ordered printed; offered 01/13/16 16102706D  pdf | impact statement

Status:
01/05/16  House: Prefiled and ordered printed; offered 01/13/16 16102706D
01/05/16  House: Referred to Committee on Commerce and Labor
02/04/16  House: Continued to 2017 in Commerce and Labor by voice vote
12/01/16  House: Left in Commerce and Labor