•  Summary 
 
•  Actions 
 
•  Votes 
 
•  Memo 
 
•  Text 
• (Printer friendly text)

S04036 Summary:

BILL NO    S04036 

SAME AS    SAME AS A02962

SPONSOR    SMITH

COSPNSR    

MLTSPNSR   

Add S202-k, Bank L; add S5-532, Gen Ob L

Prohibits foreign banking corporations from issuing payday loans; defines
payday loans as any transaction in which a short-term cash advance is made to a
consumer in exchange for (i) a consumer's personal check or share draft, in the
amount of an advance plus a fee, where presentment or negotiation of such check
or share draft is deferred by agreement of the parties until a designated
future date; or (ii) a consumer's authorization to debit the consumer's
transaction account, in the amount of the advance plus a fee, where such
account will be debited on or after a designated future date.

S04036 Actions:

BILL NO    S04036 

03/05/2013 REFERRED TO BANKS