New Payday Loan Bill

Saturday, March 10, 2018

 

Payday lending customers may get a little longer to repay their payday loan. A new bill sponsored by Senator Arthur Orr would give borrowers 30 days to repay a loan instead of as little as 10 days. Senator Orr says the change would give people a better opportunity to pay off the loan. 

 

The Senate approved the bill in a 20 to 4 vote. The bill now moves to the Alabama House of Representatives.

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