SB 368 - This act allows lenders of consumer credit loans, title loans, consumer installment loans, and unsecured loans of $500 or less, commonly known as payday loans, to contract for or receive interest on the unpaid balance at rates agreed to by the parties provided that the combined interest, fees, and finance charges do not exceed an annual rate of 36%. Such lenders are prohibited from evading the requirements of this act through any method listed in the act. This act contains a referendum clause. This act is identical to HB 217 (2025), HB 1325 (2025), SB 1071 (2024), HB 2642 (2024), and SB 624 (2023) and substantially similar to HB 2685 (2024), HB 221 (2023), HB 253 (2019), HB 528 (2019), SB 738 (2018), HB 1541 (2018), HB 1932 (2018), SB 151 (2017), HB 625 (2017), and HB 1105 (2017) SB 647 (2016), and HB 820 (2015). SCOTT SVAGERA