Senate Sponsors: HENDON. Short description: PAYDAY LOANS 49% INTEREST Synopsis of Bill as introduced: Amends the Consumer Installment Loan Act. Limits interest on payday loans to 49% per year. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status