H2191B3511A10386     BIL:CMM  05/11/12     #90        A10386

  

  

  

  

AMENDMENTS TO HOUSE BILL NO. 2191

Printer's No. 3511

  

1

Amend Bill, page 11, by inserting between lines 13 and 14

2

(d)  Rate limitation.--

3

(1)  Notwithstanding any other provision of this chapter,

4

a licensee may not charge on each loan interest of more than

5

36% annually.

6

(2)  As used in this subsection, the term "interest"

7

means all charges payable directly or indirectly, including

8

interest and all fees in connection with or as a condition of

9

a loan or renewal loan made under this chapter.

  

- 1 -