Bill Type
Congress Name
Long Title
AN ACT PROVIDING THAT THE INTEREST RATES ON LOANS OR CREDITS GRANTED BY BANKS, FINANCE COMPANIES AND OTHER SIMILAR CREDIT INSTITUTIONS SHALL NOT EXCEED TWELVE PERCENT (12%) PER ANNUM AND IMPOSING PENALTIES FOR VIOLATION THEREOF
Date filed
August 21, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB02690 | |
| FULL TITLE : AN ACT PROVIDING THAT THE INTEREST RATES ON LOANS OR CREDITS GRANTED BY BANKS, FINANCE COMPANIES AND OTHER SIMILAR CREDIT INSTITUTIONS SHALL NOT EXCEED TWELVE PERCENT (12%) PER ANNUM AND IMPOSING PENALTIES FOR VIOLATION THEREOF | |
| ABSTRACT : Seeks to stop the inequities in our loan system by penalizing those charging higher interest. | |
| PRINCIPAL AUTHOR/S : GARCIA, MANUEL M. | |
| DATE FILED : 1998-08-21 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. | 2. |
| 3. | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 1998-08-27 |
Abstract
Seeks to stop the inequities in our loan system by penalizing those charging higher interest.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.