PAYDAY LOAN PAYMENT 1000 LIMIT
Summary
Amends the Payday Loan Reform Act. Provides that a lender may not make a loan to a consumer if the total of all payday loan payments coming due within any month, rather than the first calendar month, during the term of the loan exceeds the lesser of $1,000 or specified percentages of the consumer's gross monthly income.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2012
Committee Review
Floor Vote
Governor
Introduced Feb 9, 2012
Last action Jan 8, 2013
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
0
Committee
3
Jan 8, 2013
House · Failed
Session Sine Die
Mar 9, 2012
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Feb 27, 2012
House · Referred to committee
Assigned to Consumer Protection Committee
Feb 15, 2012
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Luis Arroyo
DDemocratic
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