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House Bill 1970


House Bill 1970

ARCHIVE (2003)

Latest Information

 

DIGEST OF INTRODUCED BILL


Usury rates. Defines usury as interest that exceeds the prime rate plus either 8% for oral contracts or 10% for written contracts. Prevents the enforcement of usurious credit terms when the lender is not a corporation or other business entity. Makes conforming changes.
Current Status:
 In Committee - first House
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