SS/SB 866 - This act defines the term "traditional installment loan" as fixed rate, fully amortized, closed-end extensions of direct consumer loans. With the exception of Kansas City, the act preempts certain local government actions that would affect lenders who only make such loans who operate under a consumer installment loan license or a consumer credit loan license such as charging interests and fees allowable under current state law, creating disincentives for doing so, and operating in any location where any lender who makes loans payable in equal installments over 90 days is permitted. CHRIS HOGERTY