*AZ State Veterans Legislative Update 19 March 2016: S/E S.B. 1316 on Predatory Lending

Subject for use on the Email to be forwarded: S.B. 1316 S/E: ‘consumer lending; regulation, licensure’

Predatory Lending Bill SB 1316 S/E is scheduled for a House ‘Third Reading Calendar’ vote on Monday 21 March. If it passes in a roll call vote it will then be forwarded to the Senate for a final vote. Let’s see if we can help in keeping that from happening.

I have a short message at the end of this Email that is recommended for forwarding to all members of the Arizona House of Representatives.

Email addresses with Semi-colons for all members of the Arizona House of Representatives:

[email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected];[email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected];

House Addresses With Commas:

[email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected],, [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected],

You might want to print this Email now to have the instructions below
available to facilitate using this process.
Guidance for processing and sending your Email.

When you are ready to forward the Message at the end of this text to all members of the House of Representatives:

1. Click on “Forward” from this message so that the attachment will be included with the message that will then be ready for final processing for sending. (Note: Clicking on “Forward” doesn’t send the message. It only sets it up to complete the processes below before hitting “Send”).
2. Then delete the Subject line of the new message, and copy: S.B. 1316: S/E: ‘consumer lending; regulation, licensure’ here or at the beginning of the text of this Email and paste it on the Subject line. Or simplify the subject if desired; e.g., just “SB 1316”, “Predatory Lending”, “Your Help is Needed”, etc.
3. The message to be forwarded appears below the blue line below, where it can be edited if desired. Then enter your name (and retired Rank if you are a Military Retiree) after the word ‘Respectfully,’ at the end of the message. Enter your address if desired, but that might tend to make the Representatives or their staff to delete your message if you are not a constituent before they at least scan the message. Consider just adding something like ”Concerned Veteran and Citizen” after your name and rank. If you are a constituent of one of the Representatives, in addition to sending this Email to all House Members, please consider calling your Representative’s office with your concerns Go to or click on www.azleg.gov here. At that site, click on House and then on Members on the drop down menu) to find their phone numbers.
4. Copy the Email addresses with Semi-colons for all members of the Arizona House of Representatives: above (high light the addresses of all 60 members and then hit ‘Ctrl’ and ‘C’ simultaneously), and paste it on the Bcc: line (put your cursor on the Bcc: line above and then hit ‘Ctrl’ and ‘V’ simultaneously.
If you have problems with your system not allowing so many address at one time, break the list down into two or more groups for use in sending the message to those two or more groups.
And if your system rejects the use of Semi-colons separating the addresses, follow the above process using the group of addresses separated by Commas.
5. Now High Light the blue line shown below (place your curser just below the blue line) and sweep upward across everything above it.
6. Then hit “Delete” on your keyboard . That will leave just the Draft Message that now appears below the blue line as the text of your new Email.
7. Then when you feel comfortable that you have completed all the steps correctly, you can hit “Send” to send your Email.

Draft Message

Honorable State Representative

In 2008, 60% of Arizona voters overwhelmingly voted against predatory payday lending in spite of the industry spending almost $15 million in their attempt to keep it in Arizona.

SB 1316 would authorize closed-end “Consumer Flex Loans” with interest rates exceeding 200 percent annual percentage rate (APR)– the exact type of predatory lending voters overwhelmingly rejected in 2008. See Page 2 of the attached for an example of how these loans are paid off and how much interest is paid over the term of the loan.

The current bill pushed by in and out-of-state loan companies is lobbyist driven – in fact, one of the bill’s prime sponsors said on the floor of the House of Representatives that not a single constituent had asked him to support this bill.

To underscore how onerous the predatory loans that will be permitted by this bill are, it restricts members of active duty military and their families and Guard and Reserve members while on active duty from receiving these loans. The debt trap created by these loans could have adverse impact on national security if made to active duty service members. But, yet the industry asserts that this debt trap is good for everyone else.

Setting politics aside, I urge you to independently consider the issues involved and consider your constituents’ concerns with this issue in rejecting and urging your colleagues to reject this subversion of the will of Arizona voters and profiteering at the expense of Arizona’s financially vulnerable citizens.

It is not the Arizona way to allow lenders to enrich themselves off the misfortune of others.

I urge you to vote NO on SB 1316 during the currently scheduled Third Reading Calendar on Monday 21 March.


2016 AZ SB 1316 CFA Facsheet