BILL · 1997–98 SESSION

SB 6375: Pawnbroker interest & fees

Setting the rates of interest and other fees charged by pawnbrokers.

Summary

  • The amount of interest pawnbrokers are allowed by statute to charge is increased by 50 cents for amounts less than $100, and by 2 percent (from 3 percent to 5 percent) for each 30-day period for amounts over $100. The fees permitted by statute for the preparation of loan documents are increased by amounts varying from 50 cents to $5, depending upon the dollar value of the loan.

From the Senate Bill Report (SB 6375), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 16, 1998
  2. Out of committee
  3. Passed SenateFeb 12, 1998
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Shirley Winsley (R-28)
Introduced
January 16, 1998 in the Senate
Last action
March 12, 1998
Companion bill
HB 2357

Sponsors

Prime sponsor: Shirley Winsley (R-28)

4 co-sponsors (1 Democrat, 3 Republicans)

Votes

Senate · Final Passage

February 12, 1998
Version voted on: SB 6375
34 Yea 14 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat121100
Republican22301
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 6375 in other sessions

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

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