AB612-AA1,1,8
3"
(1m) Maximum fees and interest. Notwithstanding ss. 138.09 and 422.201
4(9), no payday loan provider may charge, contract for or receive fees and interest for
5a payday loan in an aggregate amount that exceeds 36% per year on the amount of
6the payday loan, calculated according to the actuarial method. For purposes of
7determining compliance with this subsection, each refinancing or consolidation of a
8payday loan shall be considered a new payday loan.".