Missouri Cash Advance Initiative (2020)

Missouri Cash Advance Initiative (2020)

perhaps not on Ballot
This measure had not been placed on an election ballot

The Missouri cash advance Initiative failed to result in the November 2012 ballot when you look at the state of Missouri as an initiated state statute.

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

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


  • 1 Text of measure
  • 2 Background
  • 3 Help
    • 3.1 Tactics and techniques
  • 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
    • 6.1 process that is initiative
  • 7 See additionally
    • 7.1 Articles
  • 8 exterior links
  • 9 reading that is additional
    • 9.1 Editorials
  • 10 Footnotes

Text of measure

The ballot name when it comes to petition read: 2

Shall Missouri law be amended to restrict the yearly interest rate, costs, and finance costs 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 avoid the price limitation?

The proposition is predicted to bring about no direct expenses or savings to convey and neighborhood entities that are governmental.


Pay day loans were generally speaking a reduced, solitary re re re payment loan that customers paid back whenever their next paycheck ended up being gotten. Relating to reports, loan quantities frequently ranged from $100-$500. 3

The Missouri Division of Finance stated that this season there have been a believed 1,040 pay day loan stores and 2.43 million payday advances into the state of Missouri. 3

A 2007 study because of their state unit discovered that of 3,700 borrowers, the typical age had been 43 in addition to typical earnings had been about $24,000. 3


The measure had been sustained by spiritual teams and civic companies according to news reports. The PAC to get the measure ended up being called Missourians for accountable Lending. In accordance with 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, an organization circulating petitions for the 2012 effort to improve their state’s minimum wage, kicked from the two effort petition campaigns at a joint occasion during the Boone County Commission Chambers. 5


  • The measure ended up being compared with a Kansas City nonprofit called Missourians for Responsible federal federal Government. Relating to news reports, the team has added $600,000 to a committee in opposition associated with measure. 4
  • Missourians for Equal Credit Opportunity has also been contrary to the effort.
  • Remain true Missouri, a coalition that is nonpartisan represented customers, companies, civic teams, and faith-based companies, established a campaign work in opposition associated with the proposed initiative on December 7, 2011. “Missourians are increasingly being expected to signal a petition for the ballot effort that could cap lending prices. Even though the effort has been reported as an endeavor to safeguard customers from pay day loans, it can really limit usage of all tiny loans, including useful consumer that is traditional loans. These old-fashioned loans assist people and families obtain access to safe and clear credit in a way that allows them to protect their economic protection,” said Tom Hudgins, CEO Go Here and Chairman of remain true Missouri. 6
  • Missouri GovernorJay Nixon opposed the initiative, stating: “all sorts of things I do not help increasing fees on food along with other critical items that families require. Making families spend more for bread and milk does not look like a solid step of progress for the economy.” 7


See additionally: selection 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 reduction Single-subject rule Signature challenges process that is initiative

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  12 มกราคม 2021

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