*State Veterans Legislative Update 19 March 2017: HB 2496 S/E: ‘consumer access line of credit’

HB 2496 is a Strike Everything (S/E) Bill that, if approved, will again introduce predatory lending to Arizona. See details in the Draft Message at the end of this Email.

We as very concerned Arizona citizens need to do what we can to prevent this from happening.

HB 2496 S/E is scheduled for a hearing in House Hearing Room 109 on 21 March.

Please consider sending the Draft Message at the end of this Email to all Arizona State Senators ASAP and encourage their opposition to HB 2496 S/E.

When you are ready to send the Draft Message at the end of this Legislative Update to all State Representatives, copy everything beginning with this paragraph and the instructions that follow, the list of Arizona Senate Email addresses, and the Draft Message that is shown below the list of Email addresses.

Then open a New Email on your computer as you usually do and paste what you just copied including these instructions as the text of that New Email. Then add your name at the ‘X’ after ‘Respectfully’. Don’t include your address as some legislators may delete your Email if they see the address is not in the area of their constituency. Then copy  HB 2496 S/E: ‘consumer access line of credit’  here and paste it as the subject of your New Email.

Then copy the list of Arizona Senate Email addresses with Semi-colons Email Addresses from the text of your new Email and paste it on the Bcc: line of your new Email. Be careful not to hit Send until after you complete the next step in this process!!!!!

Then delete everything before “Dear State Senator” in your New Message, and review what’s left to see that it just includes the Message that you want to send and you signature.  Change the font and font size of the text if desired. Then you can hit SEND to send your message. 

Arizona Senate Email addresses with Semi-colons:

SALLEN@azleg.gov; NBARTO@azleg.gov; SBORRELLI@azleg.gov; SBOWIE@azleg.gov; DBRADLEY@azleg.gov; KBROPHYMCGEE@azleg.gov; JBURGES@azleg.gov; OCAJEROBEDFORD@azleg.gov; LCONTRERAS@azleg.gov; ADALESSANDRO@azleg.gov; KFANN@azleg.gov; SFARLEY@azleg.gov; DFARNSWORTH@azleg.gov; GGRIFFIN@azleg.gov; KHOBBS@azleg.gov; JKAVANAGH@azleg.gov; DLESKO@azleg.gov; JMENDEZ@azleg.gov; RMEZA@azleg.gov; CMIRANDA@azleg.gov; SMONTENEGRO@azleg.gov; LOTONDO@azleg.gov; JPESHLAKAI@azleg.gov; WPETERSEN@azleg.gov; FPRATT@azleg.gov; MQUEZADA@azleg.gov; STSMITH@azleg.gov; BWORSLEY@azleg.gov; SYARBROUGH@azleg.gov; KYEE@azleg.gov

Senate Addresses with Comas:                                                                                                          

SALLEN@azleg.gov, NBARTO@azleg.gov, SBORRELLI@azleg.gov, SBOWIE@azleg.gov, DBRADLEY@azleg.gov, KBROPHYMCGEE@azleg.gov, JBURGES@azleg.gov, OCAJEROBEDFORD@azleg.gov, LCONTRERAS@azleg.gov, ADALESSANDRO@azleg.gov, KFANN@azleg.gov, SFARLEY@azleg.gov, DFARNSWORTH@azleg.gov, GGRIFFIN@azleg.gov, KHOBBS@azleg.gov, JKAVANAGH@azleg.gov, DLESKO@azleg.gov, JMENDEZ@azleg.gov, RMEZA@azleg.gov, CMIRANDA@azleg.gov, SMONTENEGRO@azleg.gov, LOTONDO@azleg.gov, JPESHLAKAI@azleg.gov, WPETERSEN@azleg.gov, FPRATT@azleg.gov, MQUEZADA@azleg.gov, STSMITH@azleg.gov, BWORSLEY@azleg.gov, SYARBROUGH@azleg.gov, KYEE@azleg.gov

                                                 Draft Message

Dear Senator,

Ladies and Gentlemen, as a very concerned citizen, I urge you to oppose predatory lending Proposed Senate Amendment to HB 2496 Strike Everything Bill: ‘consumer access line of credit’, and I encourage you to urge your colleagues to do the same.

It’s yet another lending industry attempt to return predatory lending back to Arizona. The  Proposed Amendment is available at: https://apps.azleg.gov/BillStatus/GetDocumentPdf/451352  and starts off with 6 pages of administrative changes to A.R.S Sections 6-125 and 6-126 that accommodates a new type of loan. That is followed by addition of a 22 page long CHAPTER 18. CONSUMER ACCESS LINE OF CREDIT ARTICLE 1. It adds Sections 6-1801 through 6-1827 that detail the establishment of a new predatory loan authorization referred to as a “CALC LOAN” (Consumer Access Line of Credit Loan).

Only in Section 6-1810 on Pages 15 and 16 do they briefly mention that the lender may ‘only’ charge and collect a daily TRANSACTION FEE to ‘defray’ costs of opening, administering, and terminating a CALC Loan plan under some 8 different administrative procedures without specifying how much of the transaction fee may be used for each procedure. On Page 16, that fee is specified as a daily rate of 0.45%. That may not initially sound like very much, but when you think about it, that can amount to 164.25% annually (0.45% per day x 365 days in a year). And while they carefully mention that the TRANSACTION FEE is not interest, the out of pocket cost to the borrower is the same as interest, and you can be assured that the lender will work towards maximizing that TRANSACTION FEE on each loan.

On page 16 they briefly mention that any CALC Loan plan shall require a minimum payment on or before the due date of each billing cycle in an amount sufficient to reduce the outstanding balance by at least 8% per month. And that equates to an interest rate of at least 96% APR on a one year loan, depending upon the frequency of payments.

These predatory lending costs, whether called fees or interest are not needed in Arizona. And I again urge you to oppose the Senate Amendment to HB 2496 Strike Everything Bill: ‘consumer access line of credit’ and to urge your colleagues in the Senate and those on Senate Committees to do the same beginning with those who will be attending the 21 March Senate Appropriations Committee meeting.

Respectfully

X

 

*State Veterans Legislative Update 16 March 2017: SB 1248 Strike Everything Bill; ‘income tax subtraction: military retirement

SB 1248 is a Strike Everything (S/E) Bill that now includes the text of Senator Gail Griffin’s SB 1444 that failed to get a scheduled hearing in the Senate Appropriations Committee last month after receiving a 4-3-0-0 vote in the Senate Finance Committee. SB1248 S/E: ‘income tax subtraction: military retirement’ will increase the income tax exemption for Military Retirees from the current $2,500 to $12,500 in 2019, to $25,000 in 2020 and to full exemption beginning in 2022. This will be an incentive for military retirees to choose Arizona as the place to retire and begin their new careers. The Governor has said that he wants Arizona to be the Friendliest State in the Nation to the Military. This bill is a good Start!  While this Bill addresses reducing and eventually eliminating state income tax for Military Retirees it will, in part, be replaced with sales tax on Homes and new cars and other daily purchases, property taxes on homes, etc. that they will spend their retirement and new career earnings on.

SB 1248 S/E is scheduled for a hearing in Monday, 20 March, at 1400 in the House office building, hearing room #3.

Please consider sending the draft message at the end of this Email to all Arizona State Representatives ASAP and encourage their support for SB 1248 S/E.

When you are ready to send the Message at the end of this text to all State Representatives: copy everything beginning with this paragraph and the instructions in the following paragraphs, the lists of Arizona House of Representatives Email addresses, and the Draft Message that is shown below the lists of Email addresses.

Then open a New Email on your computer as you usually do and paste what you just copied including these instructions as the text of that New Email. Then add your name at the ‘X’ after ‘Respectfully’ in your New Email. Don’t include your address as some legislators may delete your Email if they see the address is not in the area of their constituency. Then copy ” SB 1248 Strike Everything Bill : income tax subtraction: military retirement ” here and paste it as the subject of your New Email.

Then copy the list of Arizona House of Representatives Email addresses with Semi-colons: Email Addresses from the text of your new Email and paste it on the Bcc: line of your new Email. Be careful not to hit Send until after you complete the next step in this process!!!!!

Then delete everything before “Dear State Representative” in your New Message, and review what’s left to see that it just includes the Message that you want to send and you signature. Then you can hit SEND

Arizona House of Representatives Email addresses with Semi-colons:

jallen@azleg.gov; lalston@azleg.gov; randrade@azleg.gov; bbarton@azleg.gov; wbenally@azleg.gov; iblanc@azleg.gov; rbolding@azleg.gov; rbowers@azleg.gov; pboyer@azleg.gov; kbutler@azleg.gov; ncampbell@azleg.gov; mcardenas@azleg.gov; hcarter@azleg.gov; cchavez@azleg.gov; kclark2@azleg.gov; tclodfelter@azleg.gov; rcobb@azleg.gov; dcoleman@azleg.gov; dcook@azleg.gov; edescheenie@azleg.gov; kengel@azleg.gov; mepstein@azleg.gov; despinoza@azleg.gov; efarnsworth@azleg.gov; cfernandez@azleg.gov; mfinchem@azleg.gov; rfriese@azleg.gov; rgabaldon@azleg.gov; sgonzales@azleg.gov; tgrantham@azleg.gov; dhernandez@azleg.gov; djohn@azleg.gov; akern@azleg.gov; jlawrence@azleg.gov; vleach@azleg.gov; dlivingston@azleg.gov; plovas@azleg.gov; rmartinez@azleg.gov; jmesnard@azleg.gov; dmitchell@azleg.gov; pmosley@azleg.gov; tnavarrete@azleg.gov; jnorgaard@azleg.gov; bnutt@azleg.gov; kpayne@azleg.gov; ppowershannley@azleg.gov; rrios@azleg.gov; trivero@azleg.gov; jrubalcava@azleg.gov; msaldate@azleg.gov; asalman@azleg.gov; dshooter@azleg.gov; tshope@azleg.gov; dstringer@azleg.gov; msyms@azleg.gov; bthorpe@azleg.gov; ktownsend@azleg.gov; mudall@azleg.gov; mugenti-rita@azleg.gov; jweninger@azleg.gov;

House of Representatives addresses with comas:

jallen@azleg.gov, lalston@azleg.gov, randrade@azleg.gov, bbarton@azleg.gov, wbenally@azleg.gov, iblanc@azleg.gov, rbolding@azleg.gov, rbowers@azleg.gov, pboyer@azleg.gov, kbutler@azleg.gov, ncampbell@azleg.gov, mcardenas@azleg.gov, hcarter@azleg.gov, cchavez@azleg.gov, kclark2@azleg.gov, tclodfelter@azleg.gov, rcobb@azleg.gov, dcoleman@azleg.gov, dcook@azleg.gov, edescheenie@azleg.gov, kengel@azleg.gov, mepstein@azleg.gov, despinoza@azleg.gov, efarnsworth@azleg.gov, cfernandez@azleg.gov, mfinchem@azleg.gov, rfriese@azleg.gov, rgabaldon@azleg.gov, sgonzales@azleg.gov, tgrantham@azleg.gov, dhernandez@azleg.gov, djohn@azleg.gov, akern@azleg.gov, jlawrence@azleg.gov, vleach@azleg.gov, dlivingston@azleg.gov, plovas@azleg.gov, rmartinez@azleg.gov, jmesnard@azleg.gov, dmitchell@azleg.gov, pmosley@azleg.gov, tnavarrete@azleg.gov, jnorgaard@azleg.gov, bnutt@azleg.gov, kpayne@azleg.gov, ppowershannley@azleg.gov, rrios@azleg.gov, trivero@azleg.gov, jrubalcava@azleg.gov, msaldate@azleg.gov, asalman@azleg.gov, dshooter@azleg.gov, tshope@azleg.gov, dstringer@azleg.gov, msyms@azleg.gov, bthorpe@azleg.gov, ktownsend@azleg.gov, mudall@azleg.gov, mugenti-rita@azleg.govjweninger@azleg.gov,

                                                   Draft Message

Dear State Representative,

As an Arizona Veteran, I urge you to Co-Sponsor and/or support Senator Gail Griffin’s SB 1248 Strike Everything Bill that will be a major step in achieving the Governor’s desire to make Arizona the most Military Friendly State in the Nation.  It will increase  the income tax exemption for Military retirees over the years and eventually eliminate all Military Retirement pay from taxation by the State of Arizona. This proposal will provide a financial incentive for middle-aged Military Retirees to retire in Arizona. These retirees have proven records, have diverse skills, are well-educated, and will be a huge asset to Arizona if we can help them decide to make this their home. And the cost to implement will be significantly offset by sales taxes on new homes, cars and other day to day spending, property taxes, etc. that they will spend their retirement and new career earnings on. Please join Senator Griffin in supporting and urging your colleagues to support SB 1248 S/E Bill ‘income tax subtraction: military retirement’ in forthcoming House hearings.

Respectfully,

X