Summary of the Introduced Bill

HB 71 -- Unsecured Loans

Sponsor:  Lampe

This bill requires lenders of unsecured loans of less than $500,
commonly known as payday loans, to notify borrowers of the
balance owed on the principal, interest, and other fees at least
every three months.

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Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:23 am