Chris Lee
- Democratic
- Senator
- District 25
Primary
Amends the law governing interest and usury by defining "debt" to include any amount that a consumer agrees to pay under certain conditions; requiring "annual percentage rates" to be calculated pursuant to the Truth in Lending Act and requiring certain charges, amounts, and fees to be deemed as "finance charges" in its calculation; clarifying the types of expected sources of funds to be included in the term "credit"; and repealing the stand-alone definition of "finance charge".
No votes to display
The committee on CPN deferred the measure.
The committee(s) on CPN has scheduled a public hearing on 02-14-24 9:30AM; Conference Room 229 & Videoconference.
Passed First Reading.
Introduced.
| Bill Text Versions | Format |
|---|---|
| SB2664 | PDF HTML |
| Document | Format |
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| No related documents. |
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