Loan interest legislation dies in Senate committee
by Associated Press Published: April 4,2012
Tags: bills, interest rates, lawmakers, laws, legislation, legislators, Legislature, lenders, loans, small loans, state government
JACKSON — A bill that would have allowed small lenders to charge more on certain types of loans died with a yesterday deadline for committee action. House Bill 1396 would have increased the allowable interest rates on loans under $1,500 from 36 percent to 99 percent. Supporters say the measure would have given borrowers a [...] [...]
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