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SB 253 IN

Small loan finance charges.

IN · session 2022 · Senate · bill

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Introduced Jan 10, 2022

Latest action (Jan 25, 2022) Senator Ford J.D. added as coauthor

Summary

Changes the current incremental finance charge limits that apply to a small loan to a maximum annual rate. Prohibits making, or taking other actions with respect to, a small loan with a greater rate or amount of interest, or other fees and charges, than allowed under the statute governing small loans. Prohibits a credit services organization from providing certain functions with respect to a small loan and makes a violation a deceptive act.

Sponsor (1)
1 coauthor / cosponsor

Action history (3)
  1. Jan 10, 2022 Authored by Senator Alting · upper
  2. Jan 10, 2022 First reading: referred to Committee on Insurance and Financial Institutions · upper
  3. Jan 25, 2022 Senator Ford J.D. added as coauthor · upper
Subjects
FINANCIAL INSTITUTIONSLOANS

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced Senate Bill (S) · Jan 6, 2022 · PDF

Full text

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