Missouri Cash Advance Initiative (2020)

Missouri Cash Advance Initiative (2020)

instead of Ballot
This measure had not been placed on an election ballot

The Missouri pay day loan Initiative would not result in the November 2012 ballot into the state of Missouri being an initiated state statute.

The measure that is proposed sponsored by a team called Missourian’s for Responsible Living. 1

An overall total of 3 effort petitions had been authorized for petition blood circulation. 2


  • 1 Text of measure
  • 2 Background
  • 3 Help
    • 3.1 Tactics and strategies
  • 4 Opposition
  • 5 Legal Actions
    • 5.1 John Prentzler v. Missouri Secretary of State, et al.
    • 5.2 Post-disqualification lawsuit
  • 6 road to the ballot
  • 7 See additionally
    • 7.1 Articles
  • 8 exterior links
  • 9 reading that is additional
    • 9.1 Editorials
  • 10 Footnotes

Text of measure

The ballot title when it comes to petition read: 2

Shall Missouri legislation be amended to restrict the yearly interest rate, costs, and finance prices for payday, title, installment, and credit rating loans, unless the events agree otherwise on paper, and prohibit such loan providers from making use of other deals in order to prevent the price limitation?

The proposition is believed to bring about no direct costs or cost cost savings to mention and neighborhood entities that are governmental.


Payday advances were generally speaking a decreased, solitary re re payment loan that customers paid back whenever their next paycheck ended up being gotten. In accordance with reports, loan quantities frequently ranged from $100-$500. 3

The Missouri Division of Finance stated that this season there have been a predicted 1,040 loan that is payday and 2.43 million payday advances within the state of Missouri. 3

A 2007 research because of hawaii division discovered that of 3,700 borrowers, the normal age ended up being 43 while the normal income ended up being about $24,000. 3


The measure ended up being sustained by spiritual teams and civic organizations according to news reports. The PAC meant for the measure ended up being called Missourians for accountable Lending. Relating to news reports, the PAC raised $50,000 and invested $10,000. 4

Tactics and techniques

On January 28, 2012 Missourians for accountable Lending and provide Missourians A Raise, a bunch circulating petitions for the 2012 initiative to improve hawaii’s minimum wage, kicked from the two effort petition campaigns at a joint occasion during the Boone County Commission Chambers. 5


  • The measure had been compared by a Kansas City nonprofit called Missourians for accountable federal federal Government. In accordance with news reports, the team has added $600,000 up to a committee in opposition for the measure. 4
  • Missourians for Equal Credit chance ended up being additionally resistant to the effort.
  • Operate Missouri, a coalition that is nonpartisan represented customers, companies, civic teams, and faith-based companies, launched a campaign work in opposition regarding the proposed initiative on December 7, 2011. “Missourians are now being expected to signal a petition for a ballot effort that will cap lending prices. Although the initiative will be reported as an attempt to safeguard customers from pay day loans, it could really limit usage of all tiny loans, including beneficial consumer that is traditional loans. These old-fashioned loans help people and families obtain access to safe and clear credit in a means that allows them to protect their economic safety,” stated Tom Hudgins, CEO and Chairman of remain true Missouri. 6
  • Missouri GovernorJay Nixon opposed the initiative, stating: “the line that is bottom I do not help increasing fees on food along with other critical items that families require. Making families pay more for bread and milk does not appear to be a step that is solid for the economy.” 7


See additionally: a number of ballot measure legal actions in 2012 and 2012 ballot measure litigation

2012 measure lawsuits
By state
Arizona • Arkansas • Colorado • Florida • Maryland Michigan • Massachusetts • Minnesota Missouri • Montana • Nevada North Dakota • Ohio • Oklahoma Oregon • Rhode Island
By lawsuit type
Ballot text Campaign efforts Constitutionality Motivation of sponsors Petitioner residency Post-certification elimination Single-subject rule Signature challenges process that is initiative

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