RELATING TO CHECK CASHING.
Summary
Specifies that the minimum term of a deferred deposit, or payday loan, shall be no less than six months with no penalty for early redemption. Caps the allowable interest rate at forty-five per cent and requires reimbursement of the prorated interest amount charged upon prepayment.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2017
Committee Review
Floor Vote
Governor
Introduced Jan 18, 2017
Last action Nov 30, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Jan 23, 2017
Committee
Referred to IAC/CPC, FIN, referral sheet 1
lower
Jan 18, 2017
Introduced
Pending introduction.
lower
2 primary · 0 co-sponsors
Sponsors
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