Extends the interest rate caps and criminal usury framework to covered services including but not limited to, retail installment contracts, merchant cash advances, invoice financing, revenue-based financing, or any transaction that in substance functions as the advance of funds in exchange for a future payment or obligation, regardless of the label assigned to such transaction.
- Chamber
- House
- Introduced
- May 11, 2026
- Last action
- May 11, 2026 — REFERRED TO JUDICIARY
- Session
- 2025-2026
- Momentum
- 26 · Low