Bills Target Predatory Lenders

News

Democratic Rep. Debbie Rodella, D-Rio Arriba, Taos and Santa Fe counties, speaks during the 2016 legislative session. The Business and Industry Committee tabled a measure that would have capped interest rates from all New Mexico lenders at 175 percent. The Committee instructed the sponsors of the House Bill 347 to collaborate with the drafters of a similar bill, HB 26, to come up with a compromise that would combine the two pieces of proposed legislation.

Published:

By Barron Jones
Reading time: 3 min.

    A state legislative committee tabled two bills that would have changed the rules and guidelines some small lenders must follow when doing business in New Mexico.     House Bill 347 was first tabled, Feb. 2, by lawmakers on the…

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

📰

Continue Reading

Subscribe for full unlimited access, log in to your account, or create a free account for complimentary articles.

Subscribe
Barron Jones

Related articles

Recent articles

Lorence Martinez

Obituaries