SB 1012: Consumer Loans
GENERAL BILL by Richter
Consumer Loans; Providing terms for certain consumer loans made by licensees; specifying authorized amounts of certain fees and charges; authorizing a borrower to rescind an installment loan within a specified period; requiring the licensee to refund or credit the borrower certain charges under specified conditions; prohibiting a licensee from making payments to a person as a reward for referring loan applications to the licensee under certain circumstances, etc.
Effective Date: 7/1/2015
Last Action: 5/1/2015 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Last Action: 5/1/2015 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Commerce and Tourism (CM)
- Fiscal Policy (FP)
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Bill History
Date Chamber Action 2/18/2015 Senate • Filed
2/27/2015 Senate • Referred to Banking and Insurance; Commerce and Tourism; Fiscal Policy -SJ 101
3/3/2015 Senate • Introduced -SJ 101
5/1/2015 Senate • Died in Banking and Insurance
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SB 1012, Original Filed Version (Current Bill Version) Posted 2/18/2015 at 1:02 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1081 Consumer Loans Burton Similar Last Action: 4/28/2015 H Died in Regulatory Affairs Committee
Location: In committee/council (RAC)
Citations - Statutes (2)
Citation Catchline Location in Bill Location In Bill Help 516.031 Finance charge; maximum rates. Page 1 (pdf) 516.07 Grounds for denial of license or for disciplinary action. Page 3 (pdf)