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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

_______________

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 passage of the accompanying:

An Act limiting interest rates for credit cards.

_______________

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
 

 

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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