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2014 Bill(s)

* HCS SS SB 694
Sponsor: Cunningham, Mike
Status: GOVERNOR VETOED
Description: Impose various additional requirements on pay day loans and impose restrictions on collection procedures and roll-overs and lower the cap on interest rates. The HCS, would lower it from 75 percent of the loan to 35 percent.
See: 
  • Senate roll call - SS SB 694 (02/20/2014): 3rd reading of a bill to remove the limit on payday loans, but impose restrictions on renewals and add other consumer protections.
  • Get the veto letter
  • The Fiscal Note(s)
  • Official legislative description and status

    • Note: The descriptions of bills, amendments and roll-call votes are written by MDN journalists. MDN's database may not include committee assignments of bills made on the last day of the session since it is too late for the committee to act on the bill and, thus, the delayed assignment has no practical effect.