Replaces the term "consumer loan" with the defined term "installment loan" for consistency throughout the installment loan chapter. Clarifies who is subject to the installment loan chapter. Requires loan maintenance fees to be prorated daily. Allows lenders to charge a convenience fee for debit card payments. Requires paper receipts only for in-person or cash payments and removes consumer names from receipts. Repeals the requirement for lenders to wait three days after a consumer fully repays a loan before issuing a new installment loan. Sunsets 6/30/2028. Effective 7/1/3000. (HD1)

Statutes affected:
SB1367: 480J-1, 480J-2, 480J-5
SB1367 SD1: 480J-1, 480J-2, 480J-5
SB1367 HD1: 480J-1, 480J-2, 480J-5
Latest: 480J-1, 480J-2, 480J-5