North Carolina House bill in Session 2025.
Status: in_committee. Latest action: April 17, 2025.
Lower Cap on Credit Card Interest.
Amends GS 24-11 to reduce the aggregate cap from 1.5% to 1.17% for interest, finance charges, or other fees charged and collected for any unpaid monthly balance for credit extended under an open-credit or similar plan described, including credit card plans and revolving accounts and excluding any loan made directly by a lender under a check loan, check credit, or similar plan. Makes technical and clarifying changes. Makes language gender neutral. Applies to interest, finance charges, and fees charged on or after October 1, 2025.
| Date | Event | Detail |
|---|---|---|
| 2025-03-25 | Introduced | Bill introduced |
| 2025-04-17 | Status | in_committee |
| 2025-04-17 | Latest Action | Serial Referral To Rules, Calendar, and Operations of the House Added |