HOUSE DOCKET, NO. 975 FILED ON: 1/19/2011
HOUSE . . . . . . . . . . . . . . . No. 312
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The Commonwealth of Massachusetts
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PRESENTED BY:
William Smitty Pignatelli
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act limiting interest rates for credit cards.
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PETITION OF:
Name: | District/Address: | Date Added: |
William Smitty Pignatelli | 4th Berkshire | 1/19/2011 |
HOUSE DOCKET, NO. 975 FILED ON: 1/19/2011
HOUSE . . . . . . . . . . . . . . . No. 312
By Mr. Pignatelli of Lenox, petition (accompanied by bill, House, No. 312) of William Smitty Pignatelli relative to limiting interest rates for credit cards. Financial Services. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 1014 OF 2009-2010.]
The Commonwealth of Massachusetts
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In the Year Two Thousand Eleven
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An Act limiting interest rates for credit cards.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Section 5 of chapter 140D of the General Laws is hereby amended by adding the following subsection:-
(f) The maximum annual percentage rate to be approved by the commissioner shall not exceed 18 per cent.