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CT SB00428

Bill

Official Source

Status

Introduced

1/27/2021

Primary Sponsor

Mary Daugherty Abrams

Click for details

Origin

Senate

2021 General Assembly

AI Summary

  • Amends section 37-1 of the general statutes to clarify that "moneys loaned" includes credit card purchases of goods and services
  • Applies the provisions of section 37-1 to cash advances from lenders on credit card accounts
  • Exempts charges for goods or services made on credit card accounts from the provisions of section 37-1
  • Introduced by Senator Daugherty Abrams (13th District) in the January 2021 session
  • Referred to the Committee on Banking

Legislative Description

An Act Concerning The Assessment Of Interest With Respect To Credit Card Use.

Last Action

Public Hearing 02/09

2/4/2021

Committee Referrals

Banking1/27/2021

Full Bill Text

No bill text available