SB 125 - Keaveny, Joseph
Modifies the law relating to title loans
Bill Details
Sponsor
LR Number
0791S.01I
Title
SB 125
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2011
Current Status
SCS Voted Do Pass S Financial and Governmental Organizations and Elections Committee - (0791S.02C)
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SCS/SB 125 - This act modifies the law relating to title loans.
This act specifies that the title loan laws apply to those who should be licensed as title lenders including those selling disguised title loans and those engaged in subterfuge for the purposes of evading title lender regulations.
This act caps the duration of a title loan agreement at 45 days.
Persons shall not use the terms "title loans", "title lending", or other designations indicating the person is a title lender.
CHRIS HOGERTY