HB 1481 -- Title Loans

Sponsor:  Hughes

This bill limits the amount of interest a title lender can charge
on loans to two times the average rate credit unions charge.
Beginning January 1, 2011, the Director of the Division of Credit
Unions within the Department of Insurance, Financial Institutions
and Professional Registration will determine the approximate
average interest rate being charged by credit unions in the state
and make the rate available to the public no less than each
calendar quarter.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:11 pm