Amendment H-8199 to HF 2329
Relating to interest rates and charges on regulated loans, and consumer credit transaction service charges
Ruled not germane · March 12, 2026
Filed March 11, 2026 in the House by
What it changes
- Page 1, after line 30 by inserting: “Sec. ___. Section 537.2201, subsection 2, Code 2026, is amended to read as follows:
- The finance charge, calculated according to the actuarial method, may not exceed twenty-one ten percent per year on the unpaid balances of the amount financed. Sec. ___. Section 537.2202, subsection 2, unnumbered paragraph 1, Code 2026, is amended to read as follows: For each billing cycle, a charge may be made which is a percentage of an amount not exceeding the greatest of the following , but in no case shall exceed ten percent per year on the unpaid balance of the amount financed :”
- Title page, line 2, after “credit” by inserting “finance charges and”