Extends the interest rate caps and criminal usury framework to covered services
Summary
Extends the interest rate caps and criminal usury framework to covered services including but not limited to, retail installment contracts, merchant cash advances, invoice financing, revenue-based financing, or any transaction that in substance functions as the advance of funds in exchange for a future payment or obligation, regardless of the label assigned to such transaction.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2026
Committee Review
Floor Vote
Governor
Introduced Apr 30, 2026
Last action Apr 30, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
1
Apr 30, 2026
Committee
REFERRED TO JUDICIARY
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Rachel May
DDemocratic/Working Families
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