Bill Title: Small loans and unsecured consumer installment loans. Authorizes a lender that is licensed by the department of financial institutions (department) to make small loans under the Uniform Consumer Credit Code (UCCC) to make unsecured consumer installment loans under the same license. Defines an "unsecured consumer installment loan" as a loan: (1) with a principal amount that is: (A) more than $605 and not more than $1,500; and (B) payable in three or more substantially equal periodic payments; and (2) in which the lender holds one or more checks of the borrower for a specific period, or receives the borrower's authorization

Spectrum: Partisan Bill (Republican 8-0)

Status: (Engrossed - Dead) 2018-02-01 - First reading: referred to Committee on Commerce and Technology [HB1319 Detail]

Text: Latest bill text (Amended) [PDF]

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