HB296 Alabama 2016 Session
Updated Jul 24, 2021
HB296 Alabama 2016 Session
House Bill
Expired
Current Status
Regular Session 2016
Session
1
Sponsor
Summary
- Primary Sponsor
-
Danny Garrett RepresentativeRepublican - Session
- Regular Session 2016
- Title
- Deferred Presentment Services Act repealed, short-term cash advance loans, prohibited, Secs. 5-18A-1 to 5-18A-22, inclusive, repealed
- Description
Under existing law, short-term cash advance loans, also known as "pay day" loans, are governed under the Deferred Presentment Services Act.
This bill would repeal the Deferred Presentment Services Act.
This bill would also prohibit short-term cash advance lending and provide for a civil penalty for short-term cash advance lending.
- Subjects
- Payday Loans
Bill Actions
H
Read for the first time and referred to the House of Representatives committee on Financial Services
Bill Text
Documents
Source: Alabama Legislature