Missouri Cash Advance Initiative (2020)

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 into the state of Missouri being a state statute that is initiated.

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

An overall total of 3 effort petitions had been authorized for petition blood circulation. 2


  • 1 Text of measure
  • 2 Background
  • 3 Support
    • 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 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 on paper, and prohibit such loan providers from making use of other deals in order to prevent the price restriction?

The proposition is predicted to bring about no direct costs or savings to mention and neighborhood government entities.


Pay day loans were generally speaking a reduced, solitary re re payment loan that customers paid back whenever their next paycheck had been gotten. In accordance with reports, loan quantities frequently ranged from $100-$500. 3

The Missouri Division of Finance stated that this year there have been a projected 1,040 pay day loan shops and 2.43 million pay day loans when you look at the state of Missouri. 3

A 2007 research because of hawaii unit unearthed that of 3,700 borrowers, the age that is average 43 and also the normal earnings ended up being about $24,000. 3


The measure had been supported by spiritual teams and civic businesses according to news reports. The PAC meant for the measure ended up being called Missourians for accountable Lending. Based on news reports, the PAC raised $50,000 and spent $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 had been compared by a Kansas City nonprofit called Missourians for accountable federal Government. Based on news reports, the combined team has added $600,000 up to a committee in opposition for the measure. 4
  • Missourians for Equal Credit chance has also been contrary to the effort.
  • Remain true Missouri, a coalition that is nonpartisan represented customers, organizations, civic groups, and faith-based companies, established a campaign work in opposition regarding the proposed initiative on December 7, 2011. “Missourians are now being expected to signal a petition for the ballot effort that will cap rates that are lending. Even though the effort will be reported as an endeavor to safeguard customers from payday advances, it could really limit usage of all little loans, including useful consumer that is traditional loans. These conventional loans assist people and families obtain access to safe and clear credit in a means that allows them to protect their monetary safety,” stated Tom Hudgins, CEO and Chairman of remain true Missouri. 6
  • Missouri GovernorJay Nixon opposed the initiative, stating: “The bottom line is I do not support 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: directory 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 payday loans near me Texas 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