The bill proposes to establish a limit on the credit service charge that can be assessed on a retail installment contract. This measure aims to regulate the amount of fees that can be charged to consumers for credit services provided in such contracts, potentially offering consumer protection from excessive charges or predatory lending practices.
2023-01-09: referred to consumer affairs and protection
2024-01-03: referred to consumer affairs and protection
2024-01-10: enacting clause stricken
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