Arizona Proposition 200, also called the pay day loan Reform Act, ended up being from the November ballot in Arizona being a citizen-initiated constitutional amendment. It absolutely was beaten.
The payday-loan effort had been mainly supported by the payday-loan company when you look at the continuing state, and was less strict than the Stop payday advances Initiative, sponsored by Rep. Marion McClure, D-30, and Sen. Debbie McCune Davis, D-14. That measure ended up being withdrawn during the early June if not signatures that are enough being gathered to qualify it for the ballot. 1
Election results
Arizona Payday Loan Reform | ||||
---|---|---|---|---|
Result | Votes | Percentage | ||
d No | 1,271,717 | 59.6% | ||
Yes | 860,607 | 40.4% |
Text of this initiative
The 100-word description filed with all the Arizona Secretary of State’s workplace with this initiated state statute checks out:
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