SB 2638: Credit Enhancement Loans [EPCC]
GENERAL BILL by Baker
Credit Enhancement Loans [EPCC]; Provides for the licensure of lenders by the Department of Financial Services (DFS). Requires that the licensee maintain a minimum net worth. Provides for enforcement of loan agreements. Provides for reports to credit bureaus. Requires that a licensee maintain records for a specified period and allow the department to examine its records. Authorizes the DFS to issue subpoenas and compel testimony, etc.
Effective Date: 7/1/2008 07/01/2008
Last Action: 5/2/2008 Senate - Died in Committee on Banking and Insurance
Bill Text: Web Page | PDF
Last Action: 5/2/2008 Senate - Died in Committee on Banking and Insurance
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/29/2008 | Senate |
• Filed |
| 3/20/2008 | Senate |
• Introduced, referred to Banking and Insurance; Commerce; Finance and Tax; General Government Appropriations -SJ 00299 |
| 4/10/2008 | Senate |
• On Committee agenda-- Banking and Insurance, 04/15/08, 9:15 am, 412-K --Temporarily postponed |
| 5/2/2008 | Senate |
• Died in Committee on Banking and Insurance |