2025 Regular Session • Indiana Legislature
HB1582: Small loan finance charges.
Legislative Summary
Small loan finance charges. Changes the current incremental finance charge limits that apply to a small loan to a maximum annual rate. Prohibits certain acts with respect to financing of a small loan and makes a violation a deceptive act and subject to penalties.
Demographic Impact
Overall analysis of equity impact
70% Positive
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Bill History
1/21/2025
Authored by Representative Hamilton
House of Representatives
1/21/2025
First reading: referred to Committee on Financial Institutions
House of Representatives
Status Information
Current Status
Introduced(1/21/2025)
Chamber
House of Representatives
Committee
Financial Institutions(House of Representatives)
Sponsors
Democrat: 1
Primary Sponsor
Carey Hamilton
Democrat