STATEMENT OF PURPOSE
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.
FISCAL NOTE
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.
Contact:
Senator James R. Just
(208) 332-1000
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN INTRODUCED: 02/06/2024, 3:40 PM