IN SB0026 | 2020 | Regular Session

Status

Spectrum: Bipartisan Bill
Status: Introduced on January 6 2020 - 25% progression, died in committee
Action: 2020-01-21 - Senator Lanane added as coauthor
Pending: Senate Insurance & Financial Institutions Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Small loan finance charges. Changes the current incremental finance charge limits that apply to a small loan to a maximum annual rate. Prohibits making, or taking other actions with respect to, a small loan with a greater rate or amount of interest, or other fees and charges, than allowed under the statute governing small loans. Prohibits a credit services organization from providing certain functions with respect to a small loan and makes a violation a deceptive act.

Tracking Information

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Title

Small loan finance charges.

Sponsors


History

DateChamberAction
2020-01-21SenateSenator Lanane added as coauthor
2020-01-21SenateSenator Bohacek added as second author
2020-01-14SenateSenators Ford J.D. and Kruse added as coauthors
2020-01-06SenateFirst reading: referred to Committee on Insurance and Financial Institutions
2020-01-06SenateAuthored by Senator Walker

Indiana State Sources


Bill Comments

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