31st Legislature, 2021
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HB29       (?)


Measure Title: RELATING TO PAYDAY LENDING.
Report Title: Payday Lending; Small Dollar Loans; Small Dollar Lenders; Licensure; Requirements; Appropriation ($)
Description: Transitions from lump sum deferred deposit transactions to installment-based small dollar loan transactions. Specifies various consumer protection requirements for small dollar loans. Beginning 1/1/2022, requires licensure for small dollar lenders that offer small dollar loans to consumers. Specifies licensing requirements for small dollar lenders. Authorizes the division of financial institutions to appoint 1.0 FTE examiner position, funded via the compliance resolution fund, to carry out the purposes of the small dollar installment loan program.
Companion:
Package: None
Current Referral: CPC, FIN
Introducer(s): TAKUMI

Sort by Date Status Text
1/20/2021HPending introduction.
1/21/2021HIntroduced and Pass First Reading.
1/27/2021HReferred to CPC, FIN, referral sheet 1

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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HB29




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