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]

Text: Latest bill text (Introduced) [PDF]

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Voting Records

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