Bill Text: IN SB0099 | 2016 | Regular Session | Amended


Bill Title: Small loans. Amends the statute concerning small loans to require a lender to conspicuously disclose, both in the lending area of each of the lender's Indiana business locations and in the loan documents provided to borrowers, the: (1) median number of days that a borrower is indebted under one or more outstanding small loans with the lender during a calendar year; and (2) median number of small loans entered into by a borrower with the lender during a calendar year; based on all small loans made at all of the lender's Indiana business locations during the most recent calendar year.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-01-12 - Committee report: amend do pass adopted; reassigned to Committee on Insurance & Financial Institutions [SB0099 Detail]

Download: Indiana-2016-SB0099-Amended.pdf
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