The Federal Military
Lending Act protects military families by setting a cap on lending at 36%, with
any transaction above that amount considered predatory. The Federal Act anticipates
local enforcement of the act. Arizona has never put the enforcement language in
the law and that needed to change quickly with HB 2258, auto title loans; military members.
The bill was held in committee during the legislative session and never received a full vote. Rep. McCune Davis is still waiting for the attorney general to reply to this request and he has not given her any indication that he will support similar legislation in the future.