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ST. PAUL, Minn. - The Minnesota Senate has passed a bill that seeks to protect borrowers from falling further into debt to payday lenders.

The Friday vote was 37 to 25. The legislation goes next to the House.

Payday loans are short-term loans typically made without checking the borrower's credit or ability to pay. Instead, the lender gets the right to withdraw the money from the borrower's bank account the next time the borrower will have the money to pay it back. If the borrower can't, the lender lets the borrower pay the debt by taking out another short-term loan.

The measure sponsored by Minneapolis Democrat Sen. Jeff Hayden limits borrowers to 10 loans a year and requires lenders to check whether the borrower already is overextended with other payday loans.

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