IN HB1171 | 2024 | Regular Session

Indiana House Bill 1171

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 8 2024 - 25% progression
Action: 2024-01-18 - Representative Andrade M added as coauthor
Pending: House Financial Institutions Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Small loan finance charges. 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.

Title

Small loan finance charges.

History

Date	Chamber	Action
2024-01-18	House	Representative Andrade M added as coauthor
2024-01-08	House	First reading: referred to Committee on Financial Institutions
2024-01-08	House	Authored by Representative Hamilton

Indiana State Sources

Type	Source
Summary	https://iga.in.gov/legislative/2024/bills/house/1171/details
Text	https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1171/HB1171.01.INTR.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1171/fiscal-notes/HB1171.01.INTR.FN001.pdf