Articles
- 1 Election results
- 2 Text associated with the effort
- 3 History
- 4 information on the proposition
- 5 Supporters
- 5.1 arguments that are supporting
- 5.2 Donors to Proposition 200
- 6 Opposition
- 6.1 Opposing arguments
- 7 Aftermath
- 8 road to the ballot
- 8.1 Ballot name lawsuit
- 9 See also
- 10 links that are external
- 10.1 Basic information
- 10.2 Supporters
- 10.3 Opponents
- 11 Footnotes
| Arizona Constitution |
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| Preamble |
| Articles |
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Arizona Proposition 200, also called the cash advance Reform Act, had been regarding the November ballot in Arizona as a citizen-initiated amendment that is constitutional. It absolutely was beaten.
The payday-loan initiative ended up being mainly supported by the payday-loan company when you look at the state, and ended up being less limiting compared to the avoid payday advances Initiative, sponsored by Rep. Marion McClure, D-30, and Sen. Debbie McCune Davis, D-14. That measure had been withdrawn at the beginning of June if not dollar financial group loans app sufficient signatures had been being gathered to qualify it for the ballot. 1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 | 40.4per cent | ||
Text associated with effort
The 100-word description filed with the Arizona Secretary of State’s workplace because of this initiated state statute reads:
Arizonans use payday lending services each day to satisfy unexpected expenses and economic emergencies. The payday financing industry is defined to be eradicated additionally the Arizona Legislature does not want to enact reforms to profit borrowers while preserving this essential economic choice. Continue reading Arizona Cash Advance Reform, Proposition 200 (2008)