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Key Votes

HB 267 - Small Loans Interest Limitation - Key Vote

New Hampshire Key Votes

John Lynch signed this legislation.

Read recent statements John Lynch made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Signed (Executive) -

Title: Small Loans Interest Limitation

Signed by Governor John Lynch
Legislation - Concurrence Vote Passed (House) -
Legislation - Bill Passed (Senate) (14-9) - (Key vote)

Title: Small Loans Interest Limitation

Vote Smart's Synopsis:

Vote to pass a bill that prohibits lenders from making loans to individuals who have had outstanding payday or title loans within the last 60 days, and establishes a maximum interest rate of 36 percent on payday loans.

Highlights:
- Requires a lender to obtain a written statement under oath certifying that the borrower has had no outstanding payday or title loans within the last 60 days (Sec. 2). - Allows the lender to pass on security-related charges to the borrower (Sec. 3). - Takes effect on January 1, 2009 (Sec. 4).
See The Voting Record

Legislation - Bill Passed (House) (207-124) - (Key vote)

Title: Small Loans Interest Limitation

Vote Smart's Synopsis:

Vote to pass a bill that prohibits lenders from making loans to individuals who have had outstanding payday or title loans within the last 60 days, and establishes a maximum interest rate of 36 percent on payday loans.

Highlights:
- Requires a lender to obtain a written statement under oath certifying that the borrower has had no outstanding payday or title loans within the last 60 days (Sec. 2). - Allows the lender to pass on security-related charges to the borrower (Sec. 3). - Takes effect 60 days after its passage (Sec. 4).
See The Voting Record

Legislation - Introduced (House) -

Title: Small Loans Interest Limitation

Sponsors

  • David L. Smith (NH - D) (Out Of Office)

Co-sponsors

  • Betsi L. DeVries (NH - D) (Out Of Office)
  • David 'Dave' Gottesman (NH - D) (Out Of Office)
  • Robert J. 'Bob' Letourneau (NH - R) (Out Of Office)
  • Martha Stroup McLeod (NH - D) (Out Of Office)
  • Joan H. Schulze (NH - D) (Out Of Office)
  • Hector M. Velez (NH - D) (Out Of Office)

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