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BILL TITLE: Payday Lending
BILL NUMBER: HB 486
SPONSOR: Lundy, Matt
SUMMARY: Prohibits licensees under the Small Loan, Mortgage Loan and Check-Cashing Business Acts from charging a fee for cashing a check or money order that was disbursed for a loan made by the licensee and prohibits licensees from charging more than one loan origination or credit investigation fee per customer in a 90-day period.
STATUS: Passed House and died in Senate committee
LAST ACTIVITY: Bill referred to Senate committee
EXPECTED: No further action expected
POSITION: Oppose
PRIORITY ISSUE:
STAFF CONTACT: Navin, Daniel
BILL TEXT: http://www.legislature.state.oh.us/bills.cfm?ID=128_HB_486



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