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CS/CS/SB 874: Consumer Finance Loans

GENERAL BILL by Appropriations ; Banking and Insurance ; Rouson

Consumer Finance Loans; Creating the Access to Responsible Credit Pilot Program within the Office of Financial Regulation; requiring a program license from the office for certain actions relating to program loans; providing requirements for program licensees, program loans, loan repayments, loan rescissions, interest rates, program loan refinancing, receipts, disclosures and statements provided by program licensees to borrowers, origination fees, insufficient funds fees, and delinquency charges, etc. APPROPRIATION: $407,520

Effective Date: 1/1/2020
Last Action: 5/3/2019 House - Died in Messages
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations (AP)
  3. Rules (RC)

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  • Bill History

    Date Chamber Action
    2/7/2019 Senate • Filed
    2/19/2019 Senate • Referred to Banking and Insurance; Finance and Tax; Rules -SJ 97
    3/5/2019 Senate • Introduced -SJ 97
    3/18/2019 Senate • On Committee agenda-- Banking and Insurance, 03/18/19, 4:00 pm, 412 Knott Building --Not Considered
    3/20/2019 Senate • On Committee agenda-- Banking and Insurance, 03/25/19, 4:00 pm, 412 Knott Building
    3/25/2019 Senate • CS by Banking and Insurance; YEAS 8 NAYS 0 -SJ 281
    3/27/2019 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    3/28/2019 Senate • Original reference(s) removed: Finance and Tax
    • Remaining references corrected to Appropriations; Rules -SJ 302
    • Now in Appropriations
    4/2/2019 Senate • CS by Banking and Insurance read 1st time -SJ 290
    4/15/2019 Senate • On Committee agenda-- Appropriations, 04/18/19, 9:00 am, 412 Knott Building
    4/18/2019 Senate • CS/CS by Appropriations; YEAS 19 NAYS 1 -SJ 379
    4/19/2019 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • Now in Rules
    • On Committee agenda-- Rules, 04/23/19, 2:00 pm, 110 Senate Building
    4/22/2019 Senate • CS/CS by Appropriations read 1st time -SJ 384
    4/23/2019 Senate • Favorable by- Rules; YEAS 13 NAYS 2 -SJ 451
    • Placed on Calendar, on 2nd reading
    4/24/2019 Senate • Placed on Special Order Calendar, 04/26/19 -SJ 578
    4/26/2019 Senate • Read 2nd time -SJ 537
    • Amendment(s) adopted (709992) -SJ 543
    • Read 3rd time -SJ 549
    • CS passed as amended; YEAS 33 NAYS 4 -SJ 549
    4/26/2019 House • In Messages
    5/3/2019 House • Indefinitely postponed and withdrawn from consideration
    • Died in Messages

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  • CS/CS/SB 874, Engrossed 1 (Current Bill Version) Posted 4/26/2019 at 1:36 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 469 (c3) Consumer Finance Loans Fernandez-Barquin, Santiago Similar Last Action: 5/3/2019 H Died on Calendar

    Citations - Statutes (7)

    Citation Catchline Location in Bill Location In Bill Help
    516.405 Page 3 (pdf)
    516.41 Page 3 (pdf)
    516.42 Page 5 (pdf)
    516.43 Page 9 (pdf)
    516.44 Page 18 (pdf)
    516.45 Page 25 (pdf)
    516.46 Page 26 (pdf)

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  • CS/CS/SB 874, Committee Substitute 2 Posted 4/19/2019 at 4:39 PM

    Bill Text:   Web Page | PDF
    Analyses:   Rules (Pre-Meeting) 4/22/2019 (pdf)
    Rules (Post-Meeting) 4/23/2019 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 469 (c3) Consumer Finance Loans Fernandez-Barquin, Santiago Similar Last Action: 5/3/2019 H Died on Calendar

    Floor Amendments (2)

    Amendment Sponsor Filed Last Floor Action Format
    308946 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:
    Rouson 4/25/2019
    9:40 AM
    Senate: Replaced by Substitute Amendment
    4/26/2019
    Web Page
    PDF
    hierarchy 709992 - Substitute Amendment (Delete All) (308946)
    Delete everything after the enacting clause and insert:
    Rouson 4/25/2019
    7:51 PM
    Senate: Adopted
    4/26/2019
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    4/23/2019 2:00 PM Rules 13 Yeas - 2 Nays

    Floor Votes (1)

    Date Chamber Result
    4/26/2019 12:31 PM Senate 33 Yeas - 4 Nays

    Citations - Statutes (7)

    Citation Catchline Location in Bill Location In Bill Help
    516.405 Page 3 (pdf)
    516.41 Page 3 (pdf)
    516.42 Page 5 (pdf)
    516.43 Page 9 (pdf)
    516.44 Page 17 (pdf)
    516.45 Page 24 (pdf)
    516.46 Page 25 (pdf)

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  • CS/SB 874, Committee Substitute 1 Posted 3/27/2019 at 9:09 AM

    Bill Text:   Web Page | PDF
    Analyses:   Appropriations (Pre-Meeting) 4/17/2019 (pdf)
    Appropriations (Post-Meeting) 4/19/2019 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 469 (c3) Consumer Finance Loans Fernandez-Barquin, Santiago Similar Last Action: 5/3/2019 H Died on Calendar

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    291940 - Amendment
    Delete lines 141 - 142 and insert:
    Appropriations
    (Rouson)
    4/16/2019
    2:34 PM
    Replaced by Committee Substitute
    4/18/2019
    Web Page
    PDF
    449408 - Amendment
    Between lines 781 and 782 insert:
    Appropriations
    (Rouson)
    4/16/2019
    7:25 PM
    Replaced by Committee Substitute
    4/18/2019
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    4/18/2019 9:00 AM Appropriations 19 Yeas - 1 Nays

    Citations - Statutes (7)

    Citation Catchline Location in Bill Location In Bill Help
    516.405 Page 3 (pdf)
    516.41 Page 3 (pdf)
    516.42 Page 5 (pdf)
    516.43 Page 9 (pdf)
    516.44 Page 16 (pdf)
    516.45 Page 23 (pdf)
    516.46 Page 24 (pdf)

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  • SB 874, Original Filed Version Posted 2/7/2019 at 3:24 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 3/15/2019 (pdf)
    Banking and Insurance (Post-Meeting) 3/26/2019 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 469 (c1) Consumer Finance Loans Fernandez-Barquin, Santiago Similar Last Action: 5/3/2019 H Died on Calendar

    Committee Amendments (3)

    Amendment Sponsor Filed Last Committee Action Format
    402070 - Amendment
    Delete lines 146 - 245 and insert:
    Banking and Insurance
    (Rouson)
    3/15/2019
    12:11 PM
    Replaced by Substitute Amendment
    3/25/2019
    Web Page
    PDF
    hierarchy 431878 - Amendment to Amendment (402070)
    Delete line 114 and insert:
    Banking and Insurance
    (Rouson)
    3/15/2019
    4:16 PM
    Out of Order
    3/25/2019
    Web Page
    PDF
    hierarchy 153120 - Substitute Amendment (402070)
    Delete lines 146 - 672 and insert:
    Banking and Insurance
    (Rouson)
    3/18/2019
    12:16 PM
    Replaced by Committee Substitute
    3/25/2019
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    3/25/2019 4:00 PM Banking and Insurance 8 Yeas - 0 Nays

    Citations - Statutes (7)

    Citation Catchline Location in Bill Location In Bill Help
    516.405 Page 3 (pdf)
    516.41 Page 3 (pdf)
    516.42 Page 5 (pdf)
    516.43 Page 9 (pdf)
    516.44 Page 16 (pdf)
    516.45 Page 23 (pdf)
    516.46 Page 24 (pdf)

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