Such lenders are prohibited from evading the requirements of this act through any method, including but not limited to mail, telephone, internet, or any electronic means. Such lenders are further subjected to several provisions of current law regulating interest on small loans.
This act contains a referendum clause.
This act is substantially similar to HB 253 (2019), HB 528 (2019), SB 738 (2018), HB 1541 (2018), HB 1932 (2018), SB 151 (2017), HB 625 (2017), and HB 1105 (2017) SB 647 (2016), and HB 820 (2015).
SCOTT SVAGERA
Statutes affected: