Bill Text: MA H1014 | 2009-2010 | 186th General Court | Introduced

---

Bill Title: Limiting interest rates for credit cards

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 5/27 at 1:00 PM in Hearing Room B2 [H1014 Detail]

Download: Massachusetts-2009-H1014-Introduced.html

---

The Commonwealth of Massachusetts

^{_______________}

PRESENTED BY:

William Smitty Pignatelli

^{_______________}

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
                Court assembled:

                The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:

An Act limiting interest rates for credit cards 

                                                                                                

 

.

^{_______________}

PETITION OF:

 

Name:	District/Address:
William Smitty Pignatelli	4th Berkshire
Todd M. Smola	1st Hampden
Richard J. Ross	9th Norfolk
Paul McMurtry	11th Norfolk
Karen E. Spilka	Second Middlesex and Norfolk

 

The Commonwealth of Massachusetts

^{_______________}

In the Year Two Thousand and Nine

^{_______________}

An Act limiting interest rates for credit cards 

                                                                                              .

                Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

            SECTION 1. Section 5 of chapter 140D of the General Laws is hereby amended by adding the following subsection:-

(f) The maximum annual percentage rate to be approved by the commissioner shall not exceed 18 per cent.