· IN legislature · 2025

Small loan finance charges.

Changes the current incremental finance charge limits that apply to a small loan to a maximum annual rate. Prohibits certain acts with respect to financing of a small loan and makes a violation a deceptive act and subject to penalties.

Sponsor

Carey Hamilton (D-IN)

Introduced

2025-01-21

Policy area

Finance and Financial Sector

Latest action

First reading: referred to Committee on Financial Institutions