IN SB0253 | 2022 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2022 - 25% progression
Action: 2022-01-10 - First reading: referred to Committee on Insurance and Financial Institutions
Pending: Senate Insurance & 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 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.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Small loan finance charges.

Sponsors


History

DateChamberAction
2022-01-10SenateFirst reading: referred to Committee on Insurance and Financial Institutions
2022-01-10SenateAuthored by Senator Alting

Indiana State Sources


Bill Comments

feedback