University Lutheran ChurchLutheran Campus Ministry

at Arizona State University - 340 E. 15th Street, Tempe, AZ 85281-6612 (480) 967-3543 (map)
Twitter  Facebook

HB 2611 - Payroll Loans

HB 2611, vote NO. This bill would weaken the Arizona Consumer Loan Act, which already permits 36% interest on loans of up to $3,000 plus a one-time loan origination fee of 5% up to $150.  This bill seeks additional "customary fees" far in excess of existing rates, resulting in thousands of dollars owed over the original loan amount.  (See Arizona Community Action Association issue paper.)

Copyright © 1953 - 2018 - University Lutheran Church, Tempe, Arizona