Proposition 200: Payday Loan Reform Act
Sept. 24, 2008
Arizona’s law that allows payday loan companies to operate is set to terminate on July 1, 2010. Prop 200 repeals that termination date, allowing payday loans to continue indefinitely. The proposition also makes various changes to how payday loan companies may do business. Former state lawmaker Stan Barnes (ï¿½Yes on 200ï¿½) and an opponent of the proposition debate its merits.