BILL · 2013–14 SESSION

HB 1657: Small consumer loans

Authorizing small consumer installment loans.

Summary

  • Establishes the small consumer installment loan act. Authorizes licensed longer term loans with a maximum authorized interest rate of thirty-six percent per year. Provides that if any portion of the act is vetoed by the governor, the entire act is null and void.

From the Bill Digest (HB 1657), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 5, 2013
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Derek Stanford (D-1)
Introduced
February 5, 2013 in the House
Last action
January 13, 2014
Companion bill
SB 5312
Budget
Has a fiscal note

AN ACT Relating to small consumer installment loans;

Sponsors

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. First reading, referred to Business & Financial Services.

HB 1657 in other sessions

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

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