Bill Title: As introduced, sets the maximum effective rate of interest a title pledge lender may charge at 2 percent per month; permits reimbursement for necessary expenses incurred in securing and collecting the title pledge in an amount not to exceed 4 percent of the gross amount of the title pledge. - Amends TCA Title 45, Chapter 15.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2009-05-05 - Assigned to Gen. Sub of: S. C,L&A Comm. [SB0489 Detail]

Text: Latest bill text (Draft #1) [PDF]

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