SB 738 - This act prohibits lenders of consumer credit loans, title loans, consumer installment loans, and unsecured loans of $500 or less, commonly known as payday loans, from contracting for or receiving interest, fees, and finance charges on the unpaid principal balance of a loan in excess of 36%. Such lenders are prohibited from evading the requirements of this act through any method, including but not limited to mail, telephone, internet, or any electronic means. Such lenders are further subjected to several provisions of current law regulating interest on small loans. This act contains a referendum clause. This act is identical to SB 151 (2017), SB 647 (2016), and HB 820 (2015), and substantially similar to HB 1541 (2018), HB 1932 (2018), HB 625 (2017), and HB 1105 (2017). SCOTT SVAGERA