BILL · 2005–06 SESSION

SB 5482: Small loans

Limiting a borrower to one outstanding small loan.

Summary

  • Payday loan borrowers are limited to one outstanding loan every sixty days.

From the Senate Bill Report (SB 5482), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 26, 2005
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Darlene Fairley (D-32)
Introduced
January 26, 2005 in the Senate
Last action
January 9, 2006

AN ACT Relating to small loans;

Sponsors

Prime sponsor: Darlene Fairley (D-32)

2 co-sponsors (2 Democrats, 0 Republicans)

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Financial Institutions, Housing & Consumer Protection.

SB 5482 in other sessions

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

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