FINANCIAL INSTITUTIONS: Provides relative to deferred presentment transactions and small loans

Deleted the $45 maximum limit on finance charges and fees for deferred presentment transactions and small loans, allowing licensees to charge higher amounts.

Added a new requirement for the Office of Financial Institutions to issue a memo authorizing a new maximum outstanding principal balance beginning January 1, 2026, calculated using the Consumer Price Index.

Updated the definition of 'deferred presentment transaction' to clarify that the amount paid to the check issuer cannot exceed the new fee-permitted limit.

Removed the prohibition on licensees reporting negative customer information to credit bureaus, which previously prevented them from sharing such data.

Added 'small loan' to the definitions of 'deferred presentment transaction' and 'licensee' to ensure small loans are covered by the same regulations.

Added a requirement for the Office of Financial Institutions to publish a new maximum outstanding principal balance on its website annually, calculated using the Consumer Price Index.

Removed the prefiling constitutional notice and adjusted section numbering to reflect the final enrolled status of the legislation.

Corrected the word 'memo' to 'memorandum' for clarity.

Fixed a sentence fragment by moving the phrase 'permitted' to the end of the previous sentence.

Adjusted the text describing the Consumer Price Index calculation to ensure grammatical flow.