CS/SB 458: Transfers of Structured Settlement Payment Rights
GENERAL BILL by Banking and Insurance ; Richter
Transfers of Structured Settlement Payment Rights; Revising specified disclosures and notices that are or may be required to be given in order to effect transfers of structured settlement payment rights and payments under such rights; requiring the court to hold a hearing on the application; providing that following issuance of a court order approving the transfer, the structured settlement obligor and annuity issuer may rely on the order in redirecting certain payments and are released and discharged from certain liability, etc.
Senate Committee References:
- Judiciary (JU)
- Banking and Insurance (BI)
- Rules (RC)
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Bill History
Date Chamber Action 10/7/2015 Senate • Filed
10/21/2015 Senate • Referred to Judiciary; Banking and Insurance; Rules -SJ 35
11/9/2015 Senate • On Committee agenda-- Judiciary, 11/17/15, 3:30 pm, 110 Senate Office Building
11/17/2015 Senate • Favorable by Judiciary; YEAS 10 NAYS 0 -SJ 125
11/18/2015 Senate • Now in Banking and Insurance -SJ 125
11/23/2015 Senate • On Committee agenda-- Banking and Insurance, 12/01/15, 1:00 pm, 110 Senate Office Building
12/1/2015 Senate • CS by Banking and Insurance; YEAS 11 NAYS 0 -SJ 128
12/2/2015 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
12/3/2015 Senate • Now in Rules -SJ 128
1/11/2016 Senate • On Committee agenda-- Rules, 01/14/16, 10:00 am, 110 Senate Office Building
1/12/2016 Senate • Introduced -SJ 35
• CS by Banking and Insurance read 1st time -SJ 114
1/14/2016 Senate • Favorable by- Rules; YEAS 11 NAYS 0 -SJ 221
1/15/2016 Senate • Placed on Calendar, on 2nd reading -SJ 221
1/19/2016 Senate • Placed on Special Order Calendar, 01/21/16
1/21/2016 Senate • Read 2nd time -SJ 236
• Amendment(s) adopted (514830) -SJ 236
• Ordered engrossed -SJ 236
• Placed on 3rd reading
1/28/2016 Senate • Read 3rd time -SJ 267
• CS passed as amended; YEAS 37 NAYS 0 -SJ 268
2/2/2016 House • In Messages
2/18/2016 House • Referred to Calendar -HJ 502
• Received -HJ 502
2/19/2016 House • Placed on Special Order Calendar, 02/23/16
2/23/2016 House • Substituted for CS/CS/HB 379 -HJ 541
• Read 2nd time -HJ 541
• Placed on 3rd reading
2/24/2016 House • Read 3rd time -HJ 573
• CS passed; YEAS 116 NAYS 0 -HJ 573
3/1/2016 Senate • Ordered enrolled -SJ 521
3/3/2016 • Signed by Officers and presented to Governor -SJ 652
3/10/2016 • Approved by Governor -SJ 992
• Chapter No. 2016-45
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CS/SB 458, Enrolled (Current Bill Version) Posted 3/1/2016 at 4:43 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 379 (c2) Transfers of Structured Settlement Payment Rights Santiago Similar Last Action: 2/23/2016 H Laid on Table, companion bill(s) passed, see CS/SB 458 (Ch. 2016-45) -HJ 541
Location: Laid on Table
Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 626.99296 Transfers of structured settlement payment rights. Page 1 (pdf) -
CS/SB 458, Engrossed 1 Posted 1/21/2016 at 3:42 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 379 (c2) Transfers of Structured Settlement Payment Rights Santiago Similar Last Action: 2/23/2016 H Laid on Table, companion bill(s) passed, see CS/SB 458 (Ch. 2016-45) -HJ 541
Location: Laid on Table
Floor Votes (2)
Date Chamber Result 1/28/2016 2:55 PM Senate 37 Yeas - 0 Nays 2/24/2016 2:02 PM House 116 Yeas - 0 Nays Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 626.99296 Transfers of structured settlement payment rights. Page 1 (pdf) -
CS/SB 458, Committee Substitute 1 Posted 12/2/2015 at 11:18 AM
Bill Text: Web Page | PDF Analyses: Rules (Pre-Meeting) 1/13/2016 (pdf)
Rules (Post-Meeting) 1/15/2016 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 379 (c1) Transfers of Structured Settlement Payment Rights Santiago Similar Last Action: 2/23/2016 H Laid on Table, companion bill(s) passed, see CS/SB 458 (Ch. 2016-45) -HJ 541
Location: Laid on Table
Floor Amendments (1)
Amendment Sponsor Filed Last Floor Action Format 514830 - Amendment
Between lines 363 and 364 insert:Richter 1/20/2016
2:48 PMSenate: Adopted
1/21/2016Web Page
PDFCommittee Votes (1)
Date Committee Result 1/14/2016 10:00 AM Rules 11 Yeas - 0 Nays Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 626.99296 Transfers of structured settlement payment rights. Page 2 (pdf) -
SB 458, Original Filed Version Posted 10/7/2015 at 11:47 AM
Bill Text: Web Page | PDF Analyses: Judiciary (Pre-Meeting) 11/16/2015 (pdf)
Judiciary (Post-Meeting) 11/17/2015 (pdf)
Banking and Insurance (Pre-Meeting) 11/30/2015 (pdf)
Banking and Insurance (Post-Meeting) 12/2/2015 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 379 Transfers of Structured Settlement Payment Rights Santiago Similar Last Action: 2/23/2016 H Laid on Table, companion bill(s) passed, see CS/SB 458 (Ch. 2016-45) -HJ 541
Location: Laid on Table
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 870846 - Amendment
Delete lines 212 - 366 and insert:Banking and Insurance
(Richter)11/30/2015
12:57 PMReplaced by Committee Substitute
12/1/2015Web Page
PDFCommittee Votes (2)
Date Committee Result 11/17/2015 3:30 PM Judiciary 10 Yeas - 0 Nays 12/1/2015 1:00 PM Banking and Insurance 11 Yeas - 0 Nays Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 626.99296 Transfers of structured settlement payment rights. Page 2 (pdf)