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 failed to result in the November 2012 ballot when you look at the state of Missouri being an initiated state statute.

The proposed measure ended up being sponsored by a team called Missourian’s for Responsible Living. 1

An overall total of 3 effort 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 way 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 restrict the yearly interest rate, charges, and finance prices for payday, title, installment, and credit rating loans, unless the events agree otherwise written down, and prohibit such loan providers from making use of other deals in order to avoid the price restriction?

The proposition is calculated to bring about no direct expenses or cost savings to mention and neighborhood government entities.


Payday advances were generally speaking a minimal, solitary re re payment loan that customers repaid when their next paycheck ended up being gotten. Relating to reports, loan quantities often ranged from $100-$500. 3

The Missouri Division of Finance stated that this year there have been a predicted 1,040 loan that is payday and 2.43 million payday advances when you look at the state of Missouri. 3

A 2007 research by the state unit unearthed that of 3,700 borrowers, the age that is average 43 in addition to typical income had been about $24 payday loans Ohio,000. 3


The measure ended up being sustained by spiritual teams and organizations that are civic to news reports. The PAC to get the measure ended up being called Missourians for accountable Lending. Based on news reports, the PAC raised $50,000 and invested $10,000. 4

Tactics and techniques

A raise, a group circulating petitions for a 2012 initiative to increase the state’s minimum wage, kicked off the two initiative petition campaigns at a joint event at the Boone County Commission Chambers on January 28, 2012 Missourians for Responsible Lending and Give missourians. 5


  • The measure ended up being compared by way of 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 associated with measure. 4
  • Missourians for Equal Credit chance had been additionally contrary to the initiative.
  • Remain true Missouri, a coalition that is nonpartisan represented customers, companies, civic teams, and faith-based businesses, 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 effort that will cap lending prices. Whilst the effort will be reported as an endeavor to safeguard customers from payday advances, it could really restrict use of all little loans, including useful old-fashioned customer installment loans. These conventional loans help people and families obtain access to safe and credit that is transparent a method that allows them to protect their economic protection,” stated Tom Hudgins, CEO and Chairman of remain true Missouri. 6
  • Missouri GovernorJay Nixon opposed the initiative, stating: “all sorts of things I do not support increasing fees on food as well as other critical items that families require. Making families pay more for bread and milk does not appear to be a solid advance 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 process that is initiative







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