AN ACT RELATING TO FINANCIAL INSTITUTIONS -- CHECK CASHING -- PAYDAY LOANS (Caps the APR for payday loans at 28%. Requires 90-day maturity date. Prohibits fees/interest payments in excess of 60% of principal. Requires monthly payments of no more than 25% of original principal amount.)
Bill status
died
1 of 4 stages cleared
Introduction
Jan 2022
Committee Review
Floor Vote
Governor
Introduced Jan 12, 2022
Last action Apr 27, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Apr 27, 2022
Committee
04/27/2022 Committee recommended measure be held for further study
legislature
Jan 12, 2022
Introduced
01/12/2022 Introduced, referred to House Finance
lower
3 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
David Morales
DDemocratic
P
Jose Batista
DDemocratic
P
Liana Cassar
DDemocratic
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