IN SB0253 | 2022 | Regular Session

Indiana Senate Bill 253 (Prior Session Legislation)

Status

Spectrum: Bipartisan Bill
Status: Introduced on January 10 2022 - 25% progression, died in committee
Action: 2022-01-25 - Senator Ford J.D. added as coauthor
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.

Title

Small loan finance charges.

History

Date	Chamber	Action
2022-01-25	Senate	Senator Ford J.D. added as coauthor
2022-01-10	Senate	First reading: referred to Committee on Insurance and Financial Institutions
2022-01-10	Senate	Authored by Senator Alting

Indiana State Sources

Type	Source
Summary	https://iga.in.gov/legislative/2022/bills/senate/253/details
Text	http://iga.in.gov/static-documents/0/1/7/b/017bcc37/SB0253.01.INTR.pdf
Supplement	http://iga.in.gov/static-documents/5/8/2/8/58280cb7/SB0253.01.INTR.FN001.pdf