Under existing law, the term of a deferred presentment transaction is between 10 and 31 calendar days
This bill would require the term of a deferred presentment transaction to be a minimum of 30 calendar days
Relating to deferred presentment transactions; to amend Section 5-18A-13, Code of Alabama 1975; to require the term of a deferred presentment transaction to be a minimum of alendar days.
|March 21, 2019
|Read for the first time and referred to the House of Representatives committee on Financial Services
|HB258 Alabama 2019 Session - Introduced