HB 1171 IN
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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
1 coauthor / cosponsor
- Mike Andrade Democratic · coauthor
Action history (3)
- Jan 8, 2024 Authored by Representative Hamilton · lower
- Jan 8, 2024 First reading: referred to Committee on Financial Institutions · lower
- Jan 18, 2024 Representative Andrade M added as coauthor · lower
Subjects
CIVIL LAW AND PROCEDURE; Liabilities, Damages, and PenaltiesTRADE REGULATIONS; Consumer Credit and Consumer Protection (Including the Uniform Consumer Credit Code (UCCC))
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