Modifies interest rates for small loans

SB 368, titled "Modifies interest rates for small loans," is a pending bill that would change the legal limits on interest rates for small-amount loans. The bill's current abstract does not specify whether it raises, lowers, or adjusts rate caps, nor does it identify which loan types or lenders would be directly affected. As the bill is still in early committee review (referred to the Insurance and Banking Committee), no concrete policy details or mechanisms are provided in the available context. Without further information on the specific rate changes or scope, a detailed summary of its provisions cannot be accurately generated.