Bill Title: Requires lending institutions that send unsolicited mail-loan checks to clearly state in solicitation letter the interest rate to be applied to such loan and to demonstrate the total cost of loan in a dollar amount, at the offered interest rate, over periods of six months, one year, and three years.

Spectrum: Partisan Bill (Democrat 20-0)

Status: (Introduced - Dead) 2020-01-08 - referred to banks [A06475 Detail]

Text: Latest bill text (Introduced) [HTML]

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