Relating to: interest rates on consumer loans and activities of consumer lenders regulated by the Department of Financial Institutions. (FE)

SB 759 sets a new maximum annual interest rate of 36% for most consumer loans made by licensed lenders in the state, replacing the previous 18% limit. It directly affects licensed lenders (including those operating as "special purpose vehicles" or structuring loans to avoid regulation) by requiring them to report detailed data on loans above 18% APR, including refinancing, repossessions, and defaults. The bill also adds anti-evasion provisions to prevent lenders from disguising loans as other transactions (e.g., property sales) to bypass the rate cap. Lenders must submit annual reports to the Department of Financial Institutions, with aggregated data shared with the legislature.