BILL · 1995–96 SESSION · LATEST VERSION SSB 5406

SB 5406: Consumer credit interest

Continuing market interest rates for consumer credit transactions.

Summary

  • The expiration of the provision which removes the cap on interest rates is repealed. The interest rate cap on retail installment sales transactions is repealed.

From the Substitute Senate Bill Report (SSB 5406), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 249, Laws of 1995
  1. IntroducedJan 23, 1995
  2. Out of committee
  3. Passed SenateMar 7, 1995
  4. Passed HouseApr 4, 1995
  5. Governor
  6. LawMay 5, 1995
Prime sponsor
Margarita Prentice (D-11)
Introduced
January 23, 1995 in the Senate
Last action
May 5, 1995
Session law
Chapter 249, Laws of 1995
Companion bill
HB 1347
Versions
SB 5406, SSB 5406

Sponsors

Prime sponsor: Margarita Prentice (D-11)

2 co-sponsors (1 Democrat, 1 Republican)

Votes

Senate · Final Passage

March 7, 1995
Version voted on: SSB 5406
46 Yea 3 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat23200
Republican23100
How each member voted

House · Final Passage

April 4, 1995
Version voted on: SSB 5406
94 Yea 2 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat33201
Republican61000
How each member voted

Yea (94)

Nay (2)

Excused (1)

Senate · Final Passage

April 19, 1995
Version voted on: SSB 5406
41 Yea 3 Nay 0 Absent 5 Excused
PartyYeaNayAbsentExcused
Democrat19204
Republican22101
How each member voted

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 5406 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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