Setting new maximum annual interest rate for regulated consumer lenders on certain loans
Introduced on 2/2/26
Summary
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From the Legislature
The purpose of this bill is to set a maximum interest rate which licensed regulated consumer lenders may charge on installment loans and remove a cap on nonrevolving loans when determining a finance charge.
Sponsors
0
1
R
Democratic CaucusRepublican Caucus
Calendar
Feb 11
2:00 PM
Senate Banking and Insurance Committee Meeting
Feb 11
2:30 PM
Senate Banking and Insurance Committee Meeting