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CS/SB 894: Business Services

GENERAL BILL by Banking and Insurance ; Rouson ; (CO-INTRODUCERS) Gruters

Business Services; Creating the Access to Responsible Credit Pilot Program within the Office of Financial Regulation; requiring a program license from the office to advertise, offer, or make program loans or to impose certain charges or fees; specifying requirements for program licensees, program loans, loan repayments, 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: 1/1/2021
Last Action: 1/27/2020 Senate - CS by Banking and Insurance read 1st time -SJ 195
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations (AP)
  3. Rules (RC)



Bill History

Date Chamber Action
11/13/2019 Senate • Filed
12/13/2019 Senate • Referred to Banking and Insurance; Appropriations; Rules -SJ 68
1/10/2020 Senate • On Committee agenda-- Banking and Insurance, 01/15/20, 10:30 am, 412 Knott Building
1/14/2020 Senate • Introduced -SJ 68
1/15/2020 Senate • CS by Banking and Insurance; YEAS 5 NAYS 2 -SJ 154
1/17/2020 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Appropriations
1/27/2020 Senate • CS by Banking and Insurance read 1st time -SJ 195