2020 House Bill 5589

Increase pawnbroker interest rate cap

Introduced in the House

March 5, 2020

Introduced by Rep. Matt Hall (R-63)

To increase from 3% to 4% the maximum rate of interest per month a pawnbroker may levy on a loan secured by pawned goods. See also Senate Bill 369.

Referred to the Committee on Regulatory Reform

June 3, 2020

Reported without amendment

Refer to the Committee on Ways and Means.

Referred to the Committee on Ways and Means

June 17, 2020

Reported without amendment

Without amendment and with the recommendation that the bill pass.

June 24, 2020

Passed in the House 67 to 41 (details)

Received in the Senate

June 25, 2020

Referred to the Committee on Regulatory Reform

Aug. 6, 2020

Reported without amendment

With the recommendation that the bill pass.