SENATE BILL 1285
Payday loans, rate cap
PAYDAY LOANS – Amends existing law to provide a limitation on the APR of payday loans.
RS30943 / S1285
This legislation amends Idaho code to limit the Annual Percentage Rate (APR) lenders can charge for payday loans to thirty-six (36) percent.
This legislation causes no additional expenditure of funds at the state or local level of government, nor does it cause an increase or decrease in revenue for state or local government. Therefore, the legislation has no fiscal impact.
| Date | Description |
|---|---|
| 02/07 | Introduced; read first time; referred to JR for Printing |
| 02/08 | Reported Printed; referred to Commerce & Human Resources |