Bill Summary for S 489 (2013-2014)

Summary date: 

May 1 2013
S.L. 2013-162

Bill Information:

View NCGA Bill Details2013-2014 Session
Senate Bill 489 (Public) Filed Wednesday, March 27, 2013
A BILL TO BE ENTITLED AN ACT TO MODIFY THE MAXIMUM INTEREST RATE ALLOWED AND TO MAKE VARIOUS AMENDMENTS TO THE NORTH CAROLINA CONSUMER FINANCE ACT TO ENSURE CONTINUED ACCESS TO CREDIT.
Intro. by Gunn, Newton, Clodfelter.

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Bill summary

Senate committee substitute makes the following changes to the 1st edition.

Amends GS 53-180.1 (Military service members limitation), defining, for the purposes of this section, a military service member with a rank of E4 or below as a "covered member." Deletes all references or inclusions of "military service member" and replaces them with "covered member." Also makes technical and clarifying changes to this section.

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