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MO HB780

Bill

Official Source

Status

Introduced

3/5/2013

Primary Sponsor

Edward Schieffer

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Prohibits private lenders in Missouri from charging an interest rate on student loans that doubles the initial rate on such loans
  • Establishes a maximum interest rate cap of 8 percent for student loans
  • Applies to all private lenders in the state regardless of other provisions in chapter 173 or other state law
  • Introduced by Representatives Schieffer and Gatschenberger in the 97th General Assembly

Legislative Description

Prohibits private lenders from charging certain interest rates on student loans

Last Action

Referred: Financial Institutions(H)

5/17/2013

Committee Referrals

Financial Institutions5/17/2013

Full Bill Text

No bill text available