Missouri Cash Advance Initiative (2020)

maybe not on Ballot
This measure had not been 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 proposed measure had been sponsored with a team called Missourian’s for Responsible Living. 1

An overall total of 3 initiative petitions had been authorized for petition blood supply. 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 External links
  • 9 reading that is additional
    • 9.1 Editorials
  • 10 Footnotes

Text of measure

The ballot name for the petition read: 2

Shall Missouri legislation be amended to limit the rate that is annual of, charges, and finance costs for payday, title, installment, and credit rating loans, unless the events agree otherwise on paper, and prohibit such loan providers from utilizing other deals in order to avoid the price restriction?

The proposition is approximated to bring about no direct expenses or cost cost cost savings to convey and neighborhood entities that are governmental.


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Payday advances were generally a minimal, single re payment loan that customers paid back when their next paycheck had been gotten. In accordance with reports, loan quantities often ranged from $100-$500. 3

The Missouri Division of Finance stated that this year there have been a projected 1,040 cash advance shops and 2.43 million pay day loans into the state of Missouri. 3

A 2007 study because of their state unit unearthed that of 3,700 borrowers, the typical age ended up being 43 and also the normal earnings had been about $24,000. 3


The measure was supported by religious teams and civic businesses according to news reports. The PAC meant for 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 provide 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 in the Boone County Commission Chambers. 5


  • The measure had been compared with a Kansas City nonprofit called Missourians for accountable federal federal Government. Based on news reports, the combined team has added $600,000 to a committee in opposition regarding the measure. 4
  • Missourians for Equal Credit chance ended up being additionally from the effort.
  • Operate Missouri, a coalition that is nonpartisan represented customers, companies, civic teams, and faith-based businesses, established a campaign work in opposition regarding the proposed initiative on December 7, 2011. « Missourians are now being expected to signal a petition for the ballot effort that could cap rates that are lending. Even though the initiative will be reported as an endeavor to guard customers from pay day loans, it can really limit usage of all small loans, including useful consumer that is traditional loans. These old-fashioned loans assist people and families obtain access to safe and credit that is transparent a means that permits them to protect their economic protection, » stated Tom Hudgins, CEO and Chairman of Stand Up 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 look like a step that is solid for the economy.” 7


See additionally: range 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 contributions Constitutionality Motivation of sponsors Petitioner residency Post-certification elimination Single-subject rule Signature challenges Initiative process