Enacted Payday Lending Legislation - 2006 Session
Last updated: January 16, 2007
| State: |
Bill Summary: |
| Florida |
H.B. 7061
Signed by governor 6/12/06, Chapter 189
Amends a specified provision which provides an exemption from public records requirements for information that identifies the drawer or deferred presentment provider contained in database for said providers maintained by the Financial Regulation Office of the Financial Services Commission. |
| Maine |
L.D. 2076
Signed by governor 4/27/06, Chapter 604
Defines "payday loan" and also clarifies that the Maine Consumer Credit Code applies to a payday lender, wherever located, that makes a payday loan to a consumer located in this state. |
| Nebraska |
L.B. 876
Signed by governor 4/6/06
Amends the Delayed Deposit Services Licensing Act. |
| Oregon |
S.B. 1105, First Special Session
Signed by governor 4/26/06, Chapter 3
Limits the maximum rate of interest on payday loans. Limits the amount of the loan origination fee. Sets a minimum 31-day loan term for payday loans. Prohibits charges other than interest, origination fee and fee for dishonored check or insufficient funds. Prohibits renewal of payday loan more than two times. Prohibits a lender from making a new payday loan to a consumer within seven days of expiration of the previous payday loan. Limits the amount of the fee for a dishonored check or insufficient funds. Prohibits recovery of statutory damages and attorney fees from consumer for dishonored check. Grants rulemaking authority to the director of the Department of Consumer and Business Services. |
| South Dakota |
H.B. 1209
Signed by governor 3/21/06
Revises certain provisions regarding money lending, including payday loans. |
 Banking and Financial Services
NCSL Contact: Heather Morton, Denver
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