SB 253

  • Indiana Senate Bill
  • 2022 Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Small loan finance charges.

Abstract

Changes the current incremental finance charge limits that apply to a small loan to a maximum annual rate. Prohibits making, or taking other actions with respect to, a small loan with a greater rate or amount of interest, or other fees and charges, than allowed under the statute governing small loans. Prohibits a credit services organization from providing certain functions with respect to a small loan and makes a violation a deceptive act.

Bill Sponsors (2)

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Jan 25, 2022

Senate

Senator Ford J.D. added as coauthor

Jan 10, 2022

Senate

Authored by Senator Alting

Senate

First reading: referred to Committee on Insurance and Financial Institutions

  • Reading-1
  • Referral-Committee
insurance and financial institutions

Bill Text

Bill Text Versions Format
Introduced Senate Bill (S) PDF

Related Documents

Document Format
Fiscal Note: SB0253.01.INTR.FN001 PDF

Sources

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