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A06189 Summary:
| BILL NO | A06189 |
| SAME AS | SAME AS S02649 |
| SPONSOR | Hyndman |
| COSPNSR | Santabarbara, Cook |
| MLTSPNSR | |
| Add §202-k, Bank L; add §5-532, 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: 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 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. | |
A06189 Floor Votes:
There are no votes for this bill in this legislative session.
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