Predatory Lending - Payday Lending

2008

Did not pass:

HB08-1126 – Procedures for Payday Loans
View this bill

Would have added a cooling off period after a payment plan is completed to prevent the consumer from borrowing again for five days.

HB08-1310 – Deferred Deposit Loan Transactions
View this bill

Would have limited finance charges on deferred deposit loans (payday loans).