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HB 1159 IN

Small loan finance charges.

IN · session 2022 · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 6, 2022

Latest action (Jan 11, 2022) Representative Klinker added as coauthor

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)
1 coauthor / cosponsor

Action history (3)
  1. Jan 6, 2022 Authored by Representative Hamilton · lower
  2. Jan 6, 2022 First reading: referred to Committee on Financial Institutions and Insurance · lower
  3. Jan 11, 2022 Representative Klinker added as coauthor · lower
Subjects
LOANS

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 House Bill (H) · Jan 5, 2022 · PDF

Full text

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