Bill Title: Small loans. 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.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2019-02-26 - Third reading: defeated; Roll Call 211: yeas 22, nays 27 [SB0104 Detail]

Text: Latest bill text (Amended) [PDF]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Greg Walker [R]	Primary	Sponsored Bills	SD-041	FollowTheMoney	Ballotpedia	VoteSmart
Senator John Ruckelshaus [R]	Primary	Sponsored Bills	SD-030	FollowTheMoney	Ballotpedia	VoteSmart
Senator James Tomes [R]	Cosponsor	Sponsored Bills	SD-049	FollowTheMoney	Ballotpedia	VoteSmart
Senator Vaneta Becker [R]	Cosponsor	Sponsored Bills	SD-050	FollowTheMoney	Ballotpedia	VoteSmart
Senator Dennis Kruse [R]	Cosponsor	Sponsored Bills	SD-014	FollowTheMoney	Ballotpedia	VoteSmart
Senator Jean Breaux [D]	Cosponsor	Sponsored Bills	SD-034	FollowTheMoney	Ballotpedia	VoteSmart
Senator Mark Stoops [D]	Cosponsor	Sponsored Bills	SD-040	FollowTheMoney	Ballotpedia	VoteSmart
Senator J.D. Ford [D]	Cosponsor	Sponsored Bills	SD-029	FollowTheMoney	Ballotpedia	VoteSmart
Senator Mike Bohacek [R]	Cosponsor	Sponsored Bills	SD-008	FollowTheMoney	Ballotpedia	VoteSmart
Senator Lonnie Randolph [D]	Cosponsor	Sponsored Bills	SD-002	FollowTheMoney	Ballotpedia	VoteSmart

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