The Federal Military Lending Act protects military
families by setting a cap on lending at 36%, with any transaction above that
amount considered predatory. The Federal Act anticipates local enforcement of
the act. Arizona has never put the enforcement language in the law and that
needed to change quickly with HB 2258, auto title loans; military members. The bill was held in committee during the legislative
session and never received a full vote. Rep. McCune Davis is still waiting for
the attorney general to reply to this request and he has not given her any
indication that he will support similar legislation in the
future.
