H911 - Regulatory Reform Act of 2022. (SL 2022-75)

Overview: Section 11 of S.L. 2022-75 provides that the State's prohibition on taking a confession of judgment from a borrower does not apply to a licensee taking a confession of judgment from a borrower following the borrower's failure to make a payment as required under the loan contract.

This section became effective July 12, 2022.