BILL · 2015–16 SESSION

SB 5613: Small loans, raising cap on

Raising the cap on the total number of small loans a borrower may have in a twelve-month period.

Summary

  • The limitation on the number of payday loans a borrower may have in a 12-month period is raised from eight to sixteen.

From the Senate Bill Report (SB 5613), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 26, 2015
  2. Out of committeeFeb 20, 2015
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Don Benton (R-17)
Introduced
January 26, 2015 in the Senate
Last action
March 10, 2016

AN ACT Relating to the cap on the total number of small loans a borrower may have in a twelve-month period;

Sponsors

Prime sponsor: Don Benton (R-17)

Votes

No recorded floor votes.

History

  1. By resolution, reintroduced and retained in present status.
  2. Senate Rules "X" file.
  3. On motion, referred to Rules Green Sheet for second reading.
  4. By resolution, reintroduced and retained in present status.
  5. By resolution, reintroduced and retained in present status.
  6. By resolution, reintroduced and retained in present status.
  7. By resolution, reintroduced and retained in present status.
  8. Senate Rules "X" file.
  9. Placed on second reading by Rules Committee.
  10. Made eligible to be placed on second reading.
  11. Minority; do not pass.
  12. FI - Majority; do pass.
  13. Passed to Rules Committee for second reading.
  14. First reading, referred to Financial Institutions & Insurance.

SB 5613 in other sessions

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

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