Tagged: SB 160

North Country
3:07 pm
Sat January 28, 2012

How North Country Reps Voted on Bill Governor Said Would Allow 400 Percent Interest Per Year

Flickr - Images of Money /

North Country representatives were evenly split on a bill  Gov. Lynch said would allow lenders to charge an annual percentage rate of 400 percent interest. 

Senator John Gallus (Republican) of Berlin voted against the bill.

Four reps were excused from voting.

On Friday Gov. Lynch vetoed that bill, Senate Bill 160.

As NHPR reported Lynch said Lynch said such high interest rates would “hurt New Hampshire families, communities and the economy.”

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