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HOUSE DOCKET, NO. 975         FILED ON: 1/19/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 312

 

The Commonwealth of Massachusetts

_________________

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:

William Smitty Pignatelli

4th Berkshire


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
 

_______________

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.

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