Open-end credit plans; prohibits creditor from extending credit at an annual rate that exceeds 36%.
Summary
Open-end credit plans. Prohibits a creditorfrom extending credit under an open-end credit plan at an annualrate that exceeds 36 percent unless the credit is extended by theseller of personal, family, or household goods for the sole purposeof financing the purchase price.
Bill status
in committee
1 of 4 stages cleared
Introduction
Dec 2019
Committee Review
Floor Vote
Governor
Introduced Dec 26, 2019
Last action Jan 21, 2020
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Dec 26, 2019
Committee
Referred to Committee on Labor and Commerce
lower
Dec 26, 2019
Introduced
Prefiled and ordered printed; offered 01/08/20 20101005D
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mark H. Levine
DDemocratic
Co
Ibraheem S. Samirah
DDemocratic
Co
Kaye Kory
DDemocratic
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