HB321 – Constitutional Modification – Individual investment, credit lines, borrowing products, interest, capped, const. amend
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Sponsor(s): Representatives Fincher, Drake, Wingo, Scott, Rogers, McCampbell, Mooney, Beech, The united kingdomt, Subject, Beckman, McMillan, Jackson, Alexander, Crawford, Buskey, Howard, Boothe, Gaston, Givan, Rich, Millican, Johnson (R), Patterson, Ledbetter, Basketball, Rowe, Treadaway, Hallway, Sanderford, Farley, Pettus, Wadsworth, Williams (JW), Hanes, Whorton (I), Butler, Faust, Nordgren, Warren, Drummond, Whorton (R), McCutcheon, Lee and you may Coleman
Synopsis: Restrict focus a lender may charge just one toward a personal bank loan, line of credit, and other economic product would be 30-half a dozen % a year, since the chatted about regarding the Authorities Set aside Board in control Z off of the case to your Financial support Work, as well as the Legislature might not by the fundamental otherwise regional legislation authorize financial of greater than 36 % annual. (more…)