AN ACT RELATING TO FINANCIAL INSTITUTIONS -- SMALL LOAN LENDERS

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 1 History 5 Sponsors 2

Allows a lender to charge an origination fee, increase interest rates and collect a monthly service fee, on loans up to three hundred dollars ($300) but not exceeding five thousand dollars ($5,000).

Chamber: Senate
Introduced: Mar 13, 2026
Last action: Apr 28, 2026 — 04/28/2026 Committee recommended measure be held for further study
Sponsor: John Burke D
Session: 2026
Momentum: 5 · Stalled