Bill Status of HB2768 101st General Assembly
Short Description: EXTENSION OF CREDIT-DISCLOSURE
Rep. Maurice A. West, II - Thaddeus Jones - Rita Mayfield, Jennifer Gong-Gershowitz, Delia C. Ramirez and Michelle Mussman
| 1/13/2021||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Consumer Fraud and Deceptive Business Practices Act. Requires a business that extends credit to consumers in the conduct of its business to provide to consumers a document that explains to the consumer the interest rate applied to the transaction, the manner of calculating the interest rate, and the payments required under the terms of the credit extended. Provides that a violation constitutes an unlawful practice within the meaning of the Act.