BILL · 2005–06 SESSION

HB 2362: 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 forty-five days.

From the Bill Digest (HB 2362), 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

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 2362 in other sessions

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

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