HB 1177: Deferred Presentment Transactions
GENERAL BILL by Watson, B.
Deferred Presentment Transactions; Provides maximum amount that may be charged per annum for interest, fees, or other charges in deferred presentment transaction; prohibits engaging in device or subterfuge in order to evade specified requirements; declares that deferred presentment transaction that does not comply with specified requirements is void; declares that deferred presentment transaction in which certain interest, fees, or other charges are charged is usurious.
Last Action: 3/11/2016 House - Died in Insurance and Banking Subcommittee
Bill Text: PDF
• Introduced -HJ 99
• Referred to Insurance and Banking Subcommittee; Civil Justice Subcommittee; Regulatory Affairs Committee -HJ 201
• Died in Insurance and Banking Subcommittee
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