HB 1582 IN

Small loan finance charges.

IN · session 2025 · Assembly / House · bill

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Introduced Jan 21, 2025

Latest action (Jan 21, 2025) First reading: referred to Committee on Financial Institutions

Summary

Changes the current incremental finance charge limits that apply to a small loan to a maximum annual rate. Prohibits certain acts with respect to financing of a small loan and makes a violation a deceptive act and subject to penalties.

Sponsor (1)

Carey Hamilton Democratic · author

Action history (2)

Jan 21, 2025 Authored by Representative Hamilton · lower
Jan 21, 2025 First reading: referred to Committee on Financial Institutions · lower

Subjects

CITIES AND TOWNS; GenerallyCIVIL LAW AND PROCEDURE; GenerallyCIVIL LAW AND PROCEDURE; Liabilities, Damages, and PenaltiesCOURTS; Municipal CourtsCOURTS; Probate Court and ProceedingsCOURTS; Trial CourtsSTATE ELECTED OFFICIALS; Attorney General

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