Missouri Payday Loan Initiative (2020)

<span title="M" class="cenote-drop-cap">M</span>issouri Payday Loan Initiative (2020)

maybe not on Ballot
This measure was not placed on an election ballot

The Missouri cash advance Initiative failed to result in the November 2012 ballot within the state of Missouri as a state statute that is initiated.

The proposed measure ended up being sponsored by a group called Missourian’s for Responsible Living. 1

A complete of 3 effort petitions had been authorized for petition blood circulation. 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 Initiative procedure questioned

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  • 7 See additionally
    • 7.1 Articles
  • 8 exterior links
  • 9 Additional reading
    • 9.1 Editorials
  • 10 Footnotes

Text of measure

The ballot name when it comes to petition read: 2

Shall Missouri legislation be amended to restrict the annual interest rate, charges, and finance prices for payday, title, installment, and credit loans, unless the events agree otherwise written down, and prohibit such loan providers from making use of other deals to prevent the price limitation?

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


Pay day loans were generally speaking the lowest, solitary re re payment loan that customers paid back whenever their next paycheck ended up being gotten. In accordance with reports, loan quantities often ranged from $100-$500. 3

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

A 2007 study by their state unit discovered that of 3,700 borrowers, the age that is average 43 therefore the normal earnings ended up being about $24,000. 3


The measure had been sustained by spiritual teams and organizations that are civic 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, friends circulating petitions for the 2012 effort to improve their state’s minimum wage, kicked from the two effort petition campaigns at a joint occasion in the Boone County Commission Chambers. 5


  • The measure had been compared with a Kansas City nonprofit called Missourians for accountable federal Government. In accordance with news reports, the team has added $600,000 to a committee in opposition for the measure. 4
  • Missourians for Equal Credit chance has also been contrary to the effort.
  • Remain true Missouri, a coalition that is nonpartisan represented customers, organizations, civic teams, and faith-based businesses, established a campaign work in opposition of this proposed initiative on December 7, 2011. “Missourians are now being expected to signal a petition for a ballot effort that could cap lending prices. Even though the effort has been reported as an attempt to guard customers from payday advances, it can really limit usage of all little loans, including useful old-fashioned customer installment loans. These old-fashioned loans assist people and families obtain access to safe and clear credit in a method that enables them to protect their monetary protection,” 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 raising fees on food along with other critical items that families require. Making families spend more for bread and milk does not look like a step that is solid for the economy.” 7


See also: range 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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