Motor vehicle title loans; Bureau of Financial Institutions to study interest rates.

Study; reasonableness of interest rates on motorvehicle title loans; report. Requests the Bureau of FinancialInstitutions of the State Corporation Commission to study the reasonablenessof interest rates on motor vehicle title loans, including the profitabilityof such loans and how such rates and profit levels compare with thosefor alternative types of loans. The Bureau is directed to reportits findings to the Governor and the General Assembly by the firstday of the 2021 Regular Session of the General Assembly.