| Last Action |
to Banking & Insurance (H) |
| Title |
A RESOLUTION urging licensees in the business of check cashing or payday lending to reduce any fees, charges, or interest charged for the transaction to a maximum annual percentage rate for each loan of no more than 36 percent. |
| Bill Documents |
Bill
|
| Bill Request Number |
1867 |
| Sponsor |
J. Glenn
|
| Summary of Original Version |
Urge licensees who engage in the business of check cashing or deferred deposit transactions to reduce the maximum fees, charges, and interest to a maximum annual percentage rate of 36 percent.
|
| Index Headings of Original Version |
Loans and Credit - Payday loans, urge voluntary 36 percent annual interest cap
|