Missouri Cash Advance Initiative (2020)

Missouri Cash Advance Initiative (2020)

maybe not on Ballot
This measure wasn’t placed on an election ballot

The Missouri pay day loan 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 by way of a team 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 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 Initiative procedure questioned
  • 7 See additionally
    • 7.1 Articles
  • 8 exterior links
  • 9 reading that is additional
    • 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 rate that is annual of, costs, and finance prices for payday, title, installment, and credit rating loans, unless the events agree otherwise on paper, and prohibit such loan providers from utilizing other deals to prevent the price restriction?

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


Pay day loans were generally speaking a reduced, solitary re payment loan that customers paid back whenever their next paycheck ended up being gotten. Based on reports, loan quantities frequently ranged from $100-$500. 3

The Missouri Division of Finance stated that this year there have been an believed 1,040 pay day loan shops and 2.43 million payday advances within the state of Missouri. 3

A 2007 research because of hawaii unit discovered that of 3,700 borrowers, the normal age had been 43 as well as the normal earnings was about $24,000. 3


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

Tactics and techniques

On January 28, 2012 Missourians for Responsible Lending and present Missourians A Raise, an organization circulating petitions for the 2012 effort to boost hawaii’s minimum wage, kicked from the two effort petition campaigns at a joint occasion during the Boone County Commission Chambers. 5


  • The measure ended up being compared by a Kansas City nonprofit called Missourians for accountable federal Government. Based on news reports, the combined team has added $600,000 up 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 nonpartisan coalition which represented customers, businesses, civic teams, and faith-based companies, established a campaign work in opposition associated with the proposed initiative on December 7, 2011. “Missourians are increasingly being expected to signal a petition for a ballot initiative that will cap rates that are lending. As the effort will be reported as an endeavor to safeguard consumers from pay day loans, it might actually limit use of all small loans, including useful consumer that is traditional loans. These conventional loans assist people and families obtain access to safe and transparent credit in a way that permits them to protect their economic safety,” said 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 increasing fees on food along with other critical items that families require. Making families spend more for bread and milk does not appear to be a solid step of progress for the economy.” 7


See also: variety 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 Initiative procedure