LCO No. 2065 1 of 1
General Assembly Proposed Bill No. 428
January Session, 2021
LCO No. 2065
Referred to Committee on BANKING
Introduced by:
SEN. DAUGHERTY ABRAMS, 13th
Dist.
AN ACT CONCERNING THE ASSESSMENT OF INTEREST WITH
RESPECT TO CREDIT CARD USE.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That section 37-1 of the general statutes be amended to: (1) Clarify 1
that moneys loaned includes the use of credit cards to purchase goods 2
and services; and (2) provide that the provisions of said section shall 3
apply to cash advances from lenders on credit cards accounts, but shall 4
not apply to moneys due for charges for goods or services made on such 5
accounts. 6
Statement of Purpose:
To amend section 37-1 of the general statutes with respect to credit card
use.