HB 262: RELATING TO INTEREST.
- Session Year: 2025-2026
- House: House
Current Status:
In Progress
(2025-12-08: Carried over to 2026 Regular Session.)
Introduced
First Committee Review
First Chamber
Second Committee Review
Second Chamber
Final Decking
Enacted
Version:
Protects consumers, who are purchasing their first vehicle, from predatory interest rates by setting a maximum interest rate of two per cent for consumers with a credit score below six hundred and zero per cent for consumers with a credit score of six hundred or more. Authorizes existing avenues of redress from usury under chapter 478 to apply to this Act.