Bill Title: As introduced, prohibits any short-term lender from assessing an interest rate for any short-term lending transaction that exceeds 28 percent per annum; and authorizes the commissioner of financial institutions to determine appropriate civil penalties. - Amends TCA Title 45 and Title 47.

Spectrum: Partisan Bill (Democrat 15-0)

Status: (Introduced - Dead) 2015-03-25 - Action Def. in s/c Insurance and Banking Subcommittee to 2016 [HB0317 Detail]

Text: Latest bill text (Draft #2) [PDF]

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