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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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