HB1817
Consumer finance loans; rate of interest.
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) ... (More) at such rate as is stated in the loan contract on loans of more than $4,000. (Less)-
Bill History
- 01/09/2017 - House: Prefiled and ordered printed; offered 01/11/17 17102179D
- 01/09/2017 - House: Referred to Committee on Commerce and Labor
- 01/17/2017 - House: Assigned C & L sub: Special Sub-Consumer Lending
- 01/17/2017 - House: Impact statement from SCC (HB1817)
- 01/26/2017 - House: Subcommittee recommends laying on the table
- 02/08/2017 - House: Left in Commerce and Labor
