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Missouri Cash Advance Initiative (2020)

Missouri Cash Advance Initiative (2020)

instead of Ballot
This measure had not been wear an election ballot
The Missouri cash advance Initiative would not result in the November 2012 ballot when you look at the state of Missouri as an initiated state statute.

The proposed measure ended up being sponsored by a team 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 way 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 for the 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 written down, and prohibit such loan providers from making use of other deals to prevent the rate limitation?

The proposition is calculated to effect a result of no direct expenses or cost cost savings to convey and local entities that are governmental.


Payday advances were generally speaking a minimal, solitary re re payment loan that customers paid back whenever their next paycheck had been gotten. Based on reports, loan quantities frequently ranged from $100-$500. 3

The Missouri Division of Finance stated that this season there have been a calculated 1,040 loan that is payday 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 normal age had been 43 and also the typical earnings was about $24,000. 3


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

Tactics and techniques

A raise, a group circulating petitions for a 2012 initiative to increase the state’s minimum wage, kicked off the two initiative petition campaigns at a joint event at the Boone County Commission Chambers on January 28, 2012 Missourians for Responsible Lending and Give missourians. 5


  • The measure ended up being compared by a Kansas City nonprofit called Missourians for accountable federal federal federal Government. Based on news reports, the combined team has contributed $600,000 to a committee in opposition associated with the measure. 4
  • Missourians for Equal Credit chance had been additionally from the effort.
  • Remain true Missouri, a nonpartisan coalition which represented customers, companies, civic groups, and faith-based businesses, established 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. Whilst the effort will be reported as an endeavor to safeguard customers from payday advances, it could really limit use of all little loans, including useful old-fashioned customer installment loans. These conventional loans assist individuals and families access safe and credit that is transparent a means that allows them to protect their monetary safety,” stated Tom Hudgins, CEO and Chairman of remain true Missouri. crucial hyperlink 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 spend more for bread and milk does not look like a solid step of progress for the economy.” 7


See additionally: listing of ballot measure lawsuits 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 treatment Single-subject rule Signature challenges process that is initiative

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