Legislation moving in Utah
February 4, 2010 | Utah, industry | Comments (0)From the story:
A bill Mayne is co-sponsoring with a Republican lawmaker is close to passing out of the Senate, after already clearing the House. It shortens the time limit interest can accrue on short-term loans from 12 weeks to 10. It also allows customers to set up an extended payback plan once a year to pay back the loan in four payments, and establishes reporting criteria for the industry.
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