S4129 — Requires lending institutions that send unsolicited mail-loan checks to clearly state the interest rate and the total cost of loan in a dollar amount

S4129 — Requires lending institutions that send unsolicited mail-loan checks to clearly state the interest rate and the total cost of loan in a dollar amount · Informed CitizenryThis bill amends the banking law to require lending institutions that issue unsolicited mail-loan checks to provide specific disclosures. Specifically, it requires these institutions to include the…Open in Informed Citizenry