BILL · 2005–06 SESSION

HB 2361: Minimum duration/small loans

Establishing a minimum duration for small loans.

Summary

  • Provides that a borrower must be allowed a minimum of thirty days to pay off a small loan. A licensee may not charge an additional fee or interest if the borrower pays off the loan within thirty days.

From the Bill Digest (HB 2361), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 9, 2006
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Sherry Appleton (D-23)
Introduced
January 9, 2006 in the House
Last action
January 9, 2006

AN ACT Relating to establishing a minimum duration for small loans;

Sponsors

Prime sponsor: Sherry Appleton (D-23)

5 co-sponsors (5 Democrats, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. First reading, referred to Financial Institutions & Insurance.
  2. Prefiled for introduction.

HB 2361 in other sessions

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

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