AN ACT RELATING TO FINANCIAL INSTITUTIONS -- SMALL LOAN LENDERS
Summary
Establishes a maximum per annum rate of interest on small loans at ninety-nine percent (99%) and limit the amounts of origination and closing fees. Also requires that late fees and returned payment fees be agreed to in writing between borrower and lender.
Bill status
died
1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 12, 2026
Last action Feb 13, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
0
Feb 12, 2026
Introduced
02/12/2026 Introduced, referred to House Corporations
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Pat Serpa
DDemocratic
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