|
Alabama
|
None
|
|
|
|
|
Alaska
|
H 132
|
Payday Loans
|
Pending
|
Relates to loans in an amount of a specified dollar or less; relates to the Nationwide Multistate Licensing System and Registry; relates to deferred deposit advances; provides for an effective date.
|
|
Arizona
|
None
|
|
|
|
|
Arkansas
|
None
|
|
|
|
|
California
|
A 1507
|
Financial Institutions
|
Pending
|
Changes, under the Money Transmission Act, the contact information required to be provided on a post on the premises of each branch office that conducts money transmissions. Repeals a required report regarding the implementation of the California Deferred Deposit Transaction Law to be submitted to the governor and the Legislature on Dec. 1, 2007, as specified.
|
|
Colorado
|
None
|
|
|
|
|
Connecticut
|
None
|
|
|
|
|
Delaware
|
None
|
|
|
|
|
District of Columbia
|
None
|
|
|
|
|
Florida
|
None
|
|
|
|
|
Georgia
|
None
|
|
|
|
|
Guam
|
None
|
|
|
|
|
Hawaii
|
None
|
|
|
|
|
Idaho
|
None
|
|
|
|
|
Illinois
|
H 229
|
Payday Loan Reform Act
|
Pending
|
Amends the Payday Loan Reform Act; makes a technical change in a section concerning the short title.
|
|
Illinois
|
H 230
|
Payday Loan Reform Act
|
Pending
|
Amends the Payday Loan Reform Act; makes a technical change in a section concerning the short title.
|
|
Indiana
|
H 1174
|
Supervised Loan Charges
|
Pending
|
Provides that for a supervised loan that is made under the Uniform Consumer Credit Code and that is entered into after the specified date, is not secured by an interest in land or by personal property used or expected to be used as the debtors principal dwelling, and has a principal amount that does not exceed a specified amount, a lender may contract for and receive, in addition to the loan finance charge, a monthly service fee that is based on the amount of principal originally contracted for.
|
|
Iowa
|
H 627
|
Rates for Delayed Deposit Service Transactions
|
Pending
|
Relates to annual percentage rates for delayed deposit service transactions.
|
|
Iowa
|
H 878
|
Delayed Deposit Service Transactions
|
Pending
|
Relates to annual percentage rates for delayed deposit service transactions.
|
|
Kansas
|
None
|
|
|
|
|
Kentucky
|
H 202
|
Deferred Deposit Transactions
|
Failed - Adjourned
|
Limits interest on deferred deposit transactions to an annual percentage rate of a specified percent; applies to transactions entered on or after the effective date of the act.
|
|
Louisiana
|
H 582
|
Financial Institutions
|
Pending
|
Provides relative to deferred presentment transactions and small loans.
|
|
Maine
|
None
|
|
|
|
|
Maryland
|
None
|
|
|
|
|
Massachusetts
|
None
|
|
|
|
|
Michigan
|
None
|
|
|
|
|
Minnesota
|
None
|
|
|
|
|
Mississippi
|
None
|
|
|
|
|
Missouri
|
H 217
|
Standards Regarding Consumer Installment Lenders
|
Pending
|
Modifies standards regarding consumer installment lenders and loans.
|
|
Missouri
|
H 692
|
Interest Rates of Consumer Installment Loans
|
Pending
|
Modifies interest rates of consumer installment loans.
|
|
Missouri
|
H 1325
|
Consumer Credit Interest Rates
|
Pending
|
Changes the laws regarding consumer credit interest rates.
|
|
Missouri
|
S 368
|
Interest Rates for Small Loans
|
Pending
|
Modifies interest rates for small loans.
|
|
Montana
|
None
|
|
|
|
|
Nebraska
|
None
|
|
|
|
|
Nevada
|
None
|
|
|
|
|
New Hampshire
|
None
|
|
|
|
|
New Jersey
|
A 988
|
Payday Lending
|
Pending
|
Includes payday lending as a violation of the Consumer Fraud Act.
|
|
New Mexico
|
None
|
|
|
|
|
New York
|
S 3925
|
Foreign Banking Corporations
|
Pending
|
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.
|
|
North Carolina
|
None
|
|
|
|
|
North Dakota
|
None
|
|
|
|
|
N. Mariana Islands
|
Not available
|
|
|
|
|
Ohio
|
None
|
|
|
|
|
Oklahoma
|
None
|
|
|
|
|
Oregon
|
None
|
|
|
|
|
Pennsylvania
|
None
|
|
|
|
|
Puerto Rico
|
None
|
|
|
|
|
Rhode Island
|
H 5042
|
Financial Institutions Licensed Activities
|
Pending
|
Repeals the provisions of the general laws allowing deferred deposit providers, also known as payday lenders.
|
|
Rhode Island
|
S 229
|
Licensed Activities of Lenders and Loan Brokers
|
Pending
|
Repeals the provisions of the general laws allowing deferred deposit providers, also known as payday lenders.
|
|
A. Samoa
|
Not available
|
|
|
|
|
South Carolina
|
S 379
|
Presentment Licenses
|
Pending
|
Prohibits new deferred presentment licenses from being issued; provides that new deferred presentment loans and loan renewals may not be made after June 30, 2025; provides that outstanding loans after June 30, 2025 may be serviced under a payment plan; provides that existing deferred-presentment licensees may transition within the nationwide multistate licensing system without cost from being licensed as a deferred presentment provider to being licensed as a supervised lender for the remainder period.
|
|
South Carolina
|
S 488
|
Consumer Installment Loan
|
Pending
|
Makes it unlawful for any person providing a consumer installment loan or deferred presentment loan to engage in predatory consumer loan practices; creates a database through the consumer finance division of the Board of Financial Institutions to collect data and to prevent a person from having a supervised or restricted loan transaction that exceeds the limits for refinancing loans.
|
|
South Dakota
|
None
|
|
|
|
|
Tennessee
|
None
|
|
|
|
|
Texas
|
H 476
|
Deferred Presentment Transactions Interest Rates
|
Pending
|
Relates to the maximum permitted rate of interest, sum of fees, and other amounts that may be charged in connection with deferred presentment transactions; creates a criminal offense.
|
|
Texas
|
H 768
|
Credit Services Organizations
|
Pending
|
Relates to credit services organizations and extensions of consumer credit facilitated by credit services organizations; increases a criminal penalty.
|
|
Texas
|
H 1350
|
Consumer Credit
|
Pending
|
Relates to a restriction on total charges charged for extensions of consumer credit that a credit services organization obtains for a consumer or assists a consumer in obtaining; provides that the annual percentage rate of an extension of consumer credit is calculated including the total charges charged to the consumer in connection with the extension of consumer credit, including interest, lender charges, and any fees or any other valuable consideration received by the organization or its representative.
|
|
Utah
|
S 329
|
Deferred Deposit Lending Modifications
|
Failed
|
Modifies provisions related to deferred deposit, or payday, lending; requires a deferred deposit lender to provide a notice of default in the language in which the deferred deposit loan transaction occurs; requires a deferred deposit lender to have a notice of default available in English upon request for a person who receives a notice of default in another language; makes technical and conforming changes.
|
|
Vermont
|
None
|
|
|
|
|
Virginia
|
None
|
|
|
|
|
U.S. Virgin Islands
|
None
|
|
|
|
|
Washington
|
None
|
|
|
|
|
West Virginia
|
None
|
|
|
|
|
Wisconsin
|
None
|
|
|
|
|
Wyoming
|
None
|
|
|
|