S3074Introduced in the Senate
Allows a lender to charge an origination fee, increase interest rates and collect a monthly service fee, on loans up to three hundred dollars ($300) but not exceeding five thousand dollars ($5,000).
Introduced by Robert Britto, District 18
What does this bill do?
Plain-English breakdown
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Official description
FINANCIAL INSTITUTIONS -- SMALL LOAN LENDERS - Allows a lender to charge an origination fee, increase interest rates and collect a monthly service fee, on loans up to three hundred dollars ($300) but not exceeding five thousand dollars ($5,000).
Where it stands
Committee recommended measure be held for further study
April 28, 2026
How did lawmakers vote?
SenateStage: Senate Committee on Commerce: Be held for further study · April 28, 2026
6
Yes
0
No
5
Absent or Not Voting
11 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Stefano Famiglietti | 4 | Yes |
| Samuel Bell | 5 | Yes |
| Tiara Mack | 6 | Absent |
| Meghan Kallman | 15 | Yes |
| Robert Britto | 18 | Yes |
| Ryan Pearson | 19 | Absent |
| David Tikoian | 22 | Absent |
| Hanna Gallo | 27 | Yes |
| Elaine Morgan | 34 | Absent |
| Susan Sosnowski | 37 | Yes |
Bill history
Introduced, referred to Senate Commerce
Scheduled for hearing and/or consideration
Meeting postponed (04/14/2026)
Scheduled for hearing and/or consideration (04/28/2026)
Committee recommended measure be held for further study
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