BILL · 2011–12 SESSION

SB 5602: Small loan interest rate

Imposing a maximum interest rate of thirty-six percent per annum on small loans.

Summary

Allows a check casher or check seller that has obtained the required small loan endorsement to charge interest or fees for small loans not to exceed in the aggregate thirty-six percent per annum.

From the Bill Digest (SB 5602), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee

AN ACT Relating to imposing a maximum interest rate of thirty-six percent per annum on small loans;

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

Apr 11, 2012By resolution, reintroduced and retained in present status.
Apr 4, 2012By resolution, reintroduced and retained in present status.
Jan 9, 2012By resolution, reintroduced and retained in present status.
Nov 28, 2011By resolution, reintroduced and retained in present status.
Apr 26, 2011By resolution, reintroduced and retained in present status.
Feb 1, 2011First reading, referred to Financial Institutions, Housing & Insurance.

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

SB 5602 (2025–26) Cardiac and stroke outcomes · Did not pass · died in committee
SB 5602 (2023–24) Hearing examiners/counties · Did not pass · stalled on the Senate floor
SB 5602 (2021–22) Service providers/financial · Enacted · Chapter 49, Laws of 2022
SB 5602 (2019–20) Reproductive health care · Enacted · Chapter 399, Laws of 2019
SB 5602 (2017–18) Preventive service coverage · Did not pass · died in committee
SB 5602 (2015–16) Bargaining unit reps · Did not pass · stalled on the Senate floor
SB 5602 (2013–14) Silver alert system · Did not pass · stalled on the Senate floor
SB 5602 (2009–10) Conserving forest lands · Did not pass · stalled on the Senate floor