Bill Title: Long term small loans. Provides that a lender that is licensed by the department of financial institutions to engage in small loans may enter into a transaction for a long term small loan with a borrower. Defines a long term small loan as a loan that: (1) is entered into by a licensed small loan lender and a borrower; (2) has a principal amount of at least $605 and not more than $2,500; and (3) is payable in installments over a term of not more than 24 months. Provides that with respect to a long term small loan, a lender

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2017-01-09 - First reading: referred to Committee on Insurance and Financial Institutions [SB0245 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2017-01-05	PDF	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Indiana SB0245

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Indiana SB0245 currently on file.