| BILL TITLE: |
Revises the Small and Mortgage Loan Laws |
| BILL NUMBER: |
HB 209 |
| SPONSOR: |
Lundy, Matt |
| SUMMARY: |
Applies a 28 percent annual percentage rate cap on loans of $1,000 or less under the Small Loan and Mortgage Loan Acts and prohibits a licensee under those Acts from charging a fee for cashing a check that was disbursed to fund a loan made by the licensee. |
| STATUS: |
In House Financial Institutions, Real Estate & Securities Committee |
| LAST ACTIVITY: |
Consideration of amendments and possible committee vote was scheduled for Wed., Nov. 18, but bill was not heard |
| EXPECTED: |
All testimony scheduled for Wed., Jan. 20 |
| POSITION: |
Oppose |
| PRIORITY ISSUE: |
Legal & Business Regulation |
| STAFF CONTACT: |
Navin, Daniel |
| BILL TEXT: |
http://www.legislature.state.oh.us/bills.cfm?ID=128_HB_209 |
