PENDING: This bill would have created a joint study commission on consumer finance loans under $3000. It is eligible for consideration in the 2012 session.

PENDING: This bill would have significantly increased the rates, fees and size of consumer installment loans in NC. This bill passed the House and will be eligible for consideration in the 2012 session.

The Consumer Finance Act lets non-bank lenders make small loans of $10,000 or less. The current law creates two tiers of lenders: “53-173” lenders who can make loans up to $3000 and “53-176” lenders who can make loans up to $10,000.

Why Vote No on HB 810 PCS, Consumer Finance Act Amendments? Find out with this analysis from the Center for Responsible Lending.

The latest information on HB 810, a bill to raise the interest rate on small loans in North Carolina.