RELATING TO INTEREST.
Sponsored By: David Alcos III (Republican)
In Committee
Summary
Protects consumers, who are purchasing their first vehicle, from predatory interest rates by setting a maximum interest rate of two per cent for consumers with a credit score below six hundred and zero per cent for consumers with a credit score of six hundred or more. Authorizes existing avenues of redress from usury under chapter 478 to apply to this Act.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
David Alcos III
Republican • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Carried over to 2026 Regular Session.
12/8/2025Referred to CPC, FIN, referral sheet 1
1/21/2025HouseIntroduced and Pass First Reading.
1/17/2025HousePending introduction.
1/16/2025House
Bill Text
Original
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