Bill Status of HB4210 95th General Assembly
Short Description: PAYDAY LOAN-INTEREST RATE
Rep. Robert S. Molaro
| 1/13/2009||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Payday Loan Reform Act. Provides that no payday lender shall offer or make a consumer installment loan exceeding a double digit (99.99%) annual percentage rate from or upon the same location or premises as it offers or makes a payday loan. Provides that "payday loan" or "loan" means a loan with a finance charge exceeding a double digit (99.99%) annual percentage rate (instead of 36% for a term that does not exceed 120 days).
|Date||Chamber|| Action|| 12/21/2007||House||Filed with the Clerk by Rep. Robert S. Molaro|| 12/24/2007||House||First Reading|| 12/24/2007||House||Referred to Rules Committee|| 1/13/2009||House||Session Sine Die|