Loading chat...

MO HB1828

Bill

Official Source

Status

Introduced

2/23/2012

Primary Sponsor

Ward Franz

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Changes the required font size for borrower notices from ten-point to fourteen-point bold type for lenders making unsecured loans of $500 or less
  • Applies to the notice informing borrowers they may cancel loans without costs by returning the full principal balance by the lender's next business day
  • Requires borrower acknowledgment of the notice by signature
  • Maintains all other licensing requirements, interest restrictions, and renewal limits for short-term lenders

Legislative Description

Changes the font size of the required notice that a licensed lender has to provide the borrower from at least 10-point bold type to at least 14-point bold type

Last Action

Public Hearing Completed (H)

3/22/2012

Committee Referrals

General Laws3/8/2012

Full Bill Text

No bill text available