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Missouri Cash Advance Initiative (2020)

Missouri Cash Advance Initiative (2020)

perhaps not on Ballot
This measure had not been placed on an election ballot

The Missouri cash advance Initiative would not result in the November 2012 ballot into the state of Missouri being a state statute that is initiated.

The measure that is proposed sponsored with a team called Missourian’s for Responsible Living. 1

A complete of 3 effort petitions had been authorized for petition blood supply. 2


  • 1 Text of measure
  • 2 Background
  • 3 Support
    • 3.1 Tactics and strategies
  • 4 Opposition
  • 5 Legal Actions
    • 5.1 John Prentzler v. Missouri Secretary of State, et al.
    • 5.2 Post-disqualification lawsuit
  • 6 road to the ballot
    • 6.1 process that is initiative
  • 7 See also
    • 7.1 Articles
  • 8 exterior links
  • 9 extra reading
    • 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, charges, and finance costs for payday, title, installment, and credit loans, unless the events agree otherwise on paper, and prohibit such loan providers from making use of other deals to prevent the price limitation?

The proposition is approximated to effect a result of no direct costs or cost savings to convey and local government entities.


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

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

A 2007 research by their state unit discovered that of 3,700 borrowers, the normal age had been 43 as well as the typical earnings had been about $24,000. 3


The measure had been sustained by spiritual groups and civic businesses according to news reports. The PAC to get the measure ended up being called Missourians for Responsible Lending. Based on news reports, the PAC raised $50,000 and invested $10,000. 4

Tactics and strategies

On January 28, 2012 Missourians for accountable Lending and present Missourians A Raise, friends circulating petitions for a 2012 effort to improve their state’s minimum wage, kicked from the two effort petition campaigns at a joint occasion during the Boone County Commission Chambers. 5


  • The measure had been compared by way of a Kansas City nonprofit called Missourians for accountable federal Government. In accordance with news reports, the combined group has added $600,000 up to a committee in opposition regarding the measure. 4
  • Missourians for Equal Credit chance ended up being also up against the effort.
  • Remain true Missouri, a nonpartisan coalition which represented customers, companies, civic teams, and faith-based companies, launched a campaign work in opposition regarding the proposed initiative on December 7, 2011. “Missourians are increasingly being expected to signal a petition for a ballot effort that will cap rates that are lending. Whilst the effort has been reported as an endeavor to guard customers from payday advances, it might really limit use of all tiny loans, including useful consumer that is traditional loans. These old-fashioned loans assist people and families access safe and transparent credit in a method that permits 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 end result is I do not help increasing fees on groceries as well as 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 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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