IN HB1340

Legislative Description

Long term small installment loans. Urges the legislative council to assign to an appropriate study committee during the 2016 legislative interim the topic of granting lenders that are licensed to make small loans under the Indiana Uniform Consumer Credit Code the authority to make long term small installment loans. Provides that if the topic is assigned to a study committee, the study committee: (1) may consider specified matters concerning long term small installment loans; (2) may consult with appropriate interested parties; and (3) shall issue a final report to the legislative council not later than November 1, 2016.

Last Action

Committee Referrals