SSB 5312 -
By Senators Chase, Nelson, Rolfes
NOT ADOPTED 02/20/2013
On page 5, line 34, after "annum," strike "exclusive of" and insert "including all"
On page 5, line 35, after "chapter" insert "including any loan in default"
On page 6, line 16, after "amount," strike "exclusive of" and insert "including all"
On page 6, line 17, after "chapter" insert "including any loan in default"
EFFECT: The maximum interest rate of 36% per annum includes all fees, penalties, and charges authorized. The same APR applies to loans in default.