Bill Title: Amends the Consumer Installment Loan Act. Provides that the annual percentage rate shall not exceed 21% for title-secured loans in which an obligor provides to the licensee, as a security for the loan, physical possession of the obligor's title to a motor vehicle. Effective immediately.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Failed) 2014-12-03 - Session Sine Die [HB5399 Detail]

Text: Latest bill text (Introduced) [HTML]

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