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House committee advances state penalty for title-pawn transactions involving service members
Summary
The House Defense and Veterans Affairs Committee voted to advance House Bill 110, which would create a state civil penalty for title-pawn transactions with service members to mirror federal Military Lending Act protections.
The House Defense and Veterans Affairs Committee voted to advance House Bill 110, a measure that would create a state-level civil penalty for title-pawn transactions involving service members.
The bill’s sponsor told the committee the measure uses language previously adopted in a substitute for Senate Bill 451 and is intended to mirror the federal Military Lending Act. "This is actually the same language that we used when we did a substitute for Senate Bill 451 last year," the presenter said. He described the penalty in the bill as "a civil penalty of 4 times the principal amount, advanced in that pawn…
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