Missouri Cash Advance Initiative (2020)

Missouri Cash Advance Initiative (2020)

instead of Ballot
This measure was not placed on an election ballot

The Missouri cash advance Initiative failed to result in the November 2012 ballot into the state of Missouri as a state statute that is initiated.

The proposed measure had been sponsored by a team called Missourian’s for Responsible Living. 1

A complete of 3 effort petitions had been approved for petition blood supply. 2


  • 1 Text of measure
  • 2 Background
  • 3 Help
    • 3.1 Tactics and techniques
  • 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 process that is initiative
  • 7 See also
    • 7.1 Articles
  • 8 exterior links
  • 9 Additional reading
    • 9.1 Editorials
  • 10 Footnotes

Text of measure

The ballot name when it comes to petition read: 2

Shall Missouri legislation be amended to restrict the rate that is annual of, costs, and finance costs for payday, title, installment, and credit loans, unless the events agree otherwise in writing, and prohibit such loan providers from making use of other deals to prevent the price limitation?

The proposition is projected to effect a result of no direct expenses or savings to mention and neighborhood government entities.


Payday advances were generally speaking a decreased, solitary re payment loan that customers paid back whenever their next paycheck had been received. In accordance with reports, loan quantities often ranged from $100-$500. 3

The Missouri Division of Finance stated that this year there have been an approximated 1,040 cash advance shops and 2.43 million payday advances within the state of Missouri. 3

A 2007 research because of their state unit discovered that of 3,700 borrowers, the age that is average 43 as well as the typical earnings ended up being about $24,000. 3 have a peek here


The measure ended up being sustained by spiritual teams and civic companies according to news reports. The PAC to get the measure had been called Missourians for accountable Lending. Based on news reports, the PAC raised $50,000 and spent $10,000. 4

Tactics and techniques

On January 28, 2012 Missourians for accountable Lending and present Missourians A Raise, a bunch circulating petitions for the 2012 effort to boost hawaii’s minimum wage, kicked off the two effort petition campaigns at a joint occasion during the Boone County Commission Chambers. 5


  • The measure had been compared by a Kansas City nonprofit called Missourians for Responsible federal federal Government. Relating to news reports, the team has added $600,000 to a committee in opposition regarding the measure. 4
  • Missourians for Equal Credit chance had been additionally resistant to the effort.
  • Remain true Missouri, a nonpartisan coalition which represented customers, companies, civic groups, and faith-based companies, established a campaign work in opposition of this proposed initiative on December 7, 2011. “Missourians are increasingly being asked to signal a petition for the ballot initiative that will cap lending prices. Even though the effort has been reported as an attempt to safeguard customers from pay day loans, it could really limit usage of all tiny loans, including useful consumer that is traditional loans. These old-fashioned loans assist people and families obtain access to safe and clear credit in a method that permits them to protect their economic safety,” stated Tom Hudgins, CEO and Chairman of operate Missouri. 6
  • Missouri GovernorJay Nixon opposed the initiative, stating: “all sorts of things I don’t help increasing fees on food along with other critical items that families require. Making families spend more for bread and milk does not appear to be a solid step of progress for the economy.” 7


See additionally: set 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 Initiative procedure
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