Consumer Credit Code; loan disclosure; effective date.

HB 1470 requires lenders to clearly disclose all loan terms upfront in plain language on the first page of loan documents. Specifically, lenders must show the interest rate type (fixed or variable) and a complete table of all fees and charges associated with the loan. Borrowers must then sign or initial to confirm they’ve read and understood these details before finalizing the loan. The bill takes effect on November 1, 2025, directly impacting lenders who issue consumer loans and borrowers who receive them.