Arizona Proposition 200, also called the cash advance Reform Act, had been regarding the November ballot in Arizona being a citizen-initiated constitutional amendment. It absolutely was beaten.
The payday-loan effort had been primarily supported by the payday-loan company within the state, and had been less limiting compared to the avoid payday advances Initiative, sponsored by Rep. Marion McClure, D-30, and Sen. Debbie McCune Davis, D-14. That measure had been withdrawn in very early June if not sufficient signatures had been being gathered to qualify it for the ballot. 1
Text associated with the effort
The 100-word description filed with all the Arizona Secretary of State’s workplace with this initiated state statute checks out: