Missouri Cash Advance Initiative (2020)

instead of Ballot
This measure had not been placed on an election ballot

The Missouri cash advance Initiative didn’t result in the November 2012 ballot within the state of Missouri as 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 approved for petition blood supply. 2


  • 1 Text of measure
  • 2 Background
  • 3 Help
    • 3.1 Tactics and techniques
  • 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 extra reading
    • 9.1 Editorials
  • 10 Footnotes

Text of measure

The ballot name for the petition read: 2

Shall Missouri legislation be amended to limit the yearly interest rate, costs, and finance costs for payday, title, installment, and credit rating loans, unless the events agree otherwise written down, and prohibit such loan providers from utilizing other deals in order to avoid the price limitation?

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


Pay day loans were generally speaking the lowest, solitary re re payment loan that customers repaid whenever their next paycheck had been gotten. Relating to reports, loan quantities frequently ranged from $100-$500. 3

The Missouri Division of Finance stated that this season there have been a believed 1,040 loan that is payday and 2.43 million pay day loans within the state of Missouri. 3

A 2007 study by their state unit discovered that of 3,700 borrowers, the typical age ended up being 43 additionally the typical earnings had been about $24,000. 3


The measure ended up being sustained by spiritual groups and civic businesses according to news reports. The PAC meant for the measure ended up being called Missourians for accountable Lending. In accordance with news reports, the PAC raised $50,000 and invested $10,000. 4

Tactics and techniques

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


  • The measure ended up being compared with a Kansas City nonprofit called Missourians for accountable Government. Relating to news reports, the team has contributed $600,000 up to a committee in opposition associated with measure payday loans California. 4
  • Missourians for Equal Credit chance has also been up against the effort.
  • Remain true Missouri, a coalition that is nonpartisan represented consumers, organizations, civic teams, and faith-based businesses, established a campaign work in opposition regarding the proposed initiative on December 7, 2011. “Missourians are increasingly being expected to signal a petition for the ballot effort that could cap lending rates. Even though the effort has been reported as an attempt to safeguard customers from payday advances, it might really limit usage of all little loans, including useful consumer that is traditional loans. These conventional loans assist people and families obtain access to safe and credit that is transparent a means that allows them to protect their economic protection,” said Tom Hudgins, CEO and Chairman of remain true Missouri. 6
  • Missouri GovernorJay Nixon opposed the initiative, stating: “all sorts of things I do not help increasing taxes on food as well as other critical items that families require. Making families spend more for bread and milk does not look like a step that is solid for the economy.” 7


See additionally: a number 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 treatment Single-subject rule Signature challenges Initiative process