SSB 5312 -
By Senator Nelson
NOT ADOPTED 02/20/2013
On page 5, line 36, after "amount of" strike "one thousand"
On page 10, line 28, after "exceed" strike "one thousand"
EFFECT: The maximum amount of a small consumer installment loan is $500, provided that the total of all scheduled payments do not exceed 15% of a borrower's gross monthly income.