Proposition 111: Limitations on Payday Loans
Passed with 77.2% yes.
- Yes
- 1,865,200
- 77.2%. The passing rule is not on file.
- No
- 549,357
- 22.8%
Qualified (Done)
On the ballot (Done)
Election day (Done)
Passed (Done)
What a yes vote does
Reduce the annual interest rate on payday loans to a yearly rate of 36 percent and eliminate all other finance charges and fees associated with payday lending.
What moved
How it got on the ballot
By petition. Voters’ signatures put it on the ballot.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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On the same ballot
- Proposition 112Minimum Distance Requirements for New Oil, Gas, and Fracking Projects Initiative
- Amendment 73Establish Income Tax Brackets and Raise Taxes for Education Initiative
- Amendment 74Compensation to Owners for Decreased Property Value Due to State Regulation Initiative
- Amendment 75Campaign Contribution Limits Initiative