Bill Title: Nonprofit facilitators of lending circle loans. Provides that after December 31, 2015, an eligible nonprofit organization may apply to the department of financial institutions (department) for a certificate of registration to facilitate the making of zero interest, low cost lending circle loans to eligible individuals who participate in lending circles in Indiana. Defines a "lending circle" as group of individuals that is voluntarily organized for the purpose of: (1) generating a source of funds by: (A) pooling or collecting contributions from individual group members; or (B) obtaining funds from other sources, including from lending circle loans; and (2) disbursing the

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2015-01-14 - First Reading: referred to Committee on Financial Institutions [HB1473 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2015-01-14	PDF	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Indiana HB1473

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Indiana HB1473 currently on file.