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CS/CS/HB 343: Financial Services [EPCC]

GENERAL BILL by Policy & Budget Council ; Jobs & Entrepreneurship Council ; Carroll ; (CO-INTRODUCERS) Chestnut ; Davis ; Dick ; Kreegel ; Precourt ; Richardson ; Richter

Financial Services [EPCC]; Defines debt cancellation product; authorizes specified entities to offer debt cancellation products but prohibits requiring such products as condition for financial transactions; includes debt cancellation products under casualty insurance; authorizes specified entities to offer debt cancellation products; specifies such products as not constituting insurance; revises limitations on amount of authorized insurance for debtors, etc.

Effective Date: 10/01/2008
Last Action: 5/28/2008 - Approved by Governor; Chapter No. 2008-75
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    12/7/2007 House • Filed
    1/3/2008 House • Referred to Jobs & Entrepreneurship Council; Policy & Budget Council
    2/7/2008 House • Referred to Financial Institutions (JE) by Jobs & Entrepreneurship Council
    2/14/2008 House • On Committee agenda-- Financial Institutions (JE), 02/21/08, 2:00 pm, Morris Hall
    2/21/2008 House • Favorable by Financial Institutions (JE); YEAS 6 NAYS 0
    2/22/2008 House • Now in Jobs & Entrepreneurship Council
    3/4/2008 House • Introduced, referred to Jobs & Entrepreneurship Council; Policy & Budget Council -HJ 00031; Referred to Financial Institutions (JE) by Jobs & Entrepreneurship Council -HJ 00130; On Committee agenda-- Financial Institutions (JE), 02/21/08, 2:00 pm, Morris Hall; Favorable by Financial Institutions (JE); YEAS 6 NAYS 0 -HJ 00142; Now in Jobs & Entrepreneurship Council -HJ 00142; On Council agenda-- Jobs & Entrepreneurship Council, 03/06/08, 1:00 pm, Morris Hall
    3/6/2008 House • CS by Jobs & Entrepreneurship Council; YEAS 16 NAYS 0 -HJ 00213
    3/7/2008 House • CS read 1st time on 03/07/08 -HJ 00212; CS filed; Now in Policy & Budget Council -HJ 00213, -HJ 00218; On Council agenda-- Policy & Budget Council, 03/11/08, 1:00 pm, 212-K
    3/11/2008 House • CS/CS by- Policy & Budget Council; YEAS 34 NAYS 0 -HJ 00283
    3/12/2008 House • CS read 1st time on 03/12/08 -HJ 00280; CS filed
    3/13/2008 House • Placed on Calendar -HJ 00283
    3/26/2008 House • Placed on Special Order Calendar; Read 2nd time -HJ 00337; Amendment(s) adopted -HJ 00338; Read 3rd time -HJ 00338; CS passed as amended; YEAS 115 NAYS 0 -HJ 00338
    4/2/2008 Senate • In Messages
    4/22/2008 Senate • Referred to Banking and Insurance; Commerce; General Government Appropriations -SJ 00777
    4/23/2008 Senate • Received -SJ 00777; Withdrawn from Banking and Insurance; Commerce; General Government Appropriations -SJ 00747; Substituted for CS/CS/SB 818 -SJ 00748; Read 2nd time -SJ 00748
    4/24/2008 Senate • Read 3rd time -SJ 00791; CS passed; YEAS 40 NAYS 0 -SJ 00791
    4/25/2008 House • Ordered enrolled -HJ 00967
    5/16/2008 • Signed by Officers and presented to Governor
    5/28/2008 • Approved by Governor; Chapter No. 2008-75

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  • CS/CS/HB 343, Enrolled (Current Bill Version) Posted 4/25/2008 at 4:06 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location
    S 818 (c2) Financial Services [EPCC] Bennett Similar Last Action: 4/23/2008 S Placed on Special Order Calendar; Read 2nd time -SJ 00747; Amendment(s) adopted (380508) -SJ 00747; Substituted CS/CS/HB 343 -SJ 00747; Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/CS/HB 343 (Ch. 2008-75) -SJ 00747
    Location:

    Citations - Statutes (15)

    Citation Catchline Location in Bill Location In Bill Help
    520.02 Definitions.
    520.07 Requirements and prohibitions as to retail installment contracts.
    624.605 "Casualty insurance" defined.
    627.553 Debtor groups.
    627.679 Amount of insurance; disclosure.
    627.681 Term and evidence of insurance.
    655.005 Definitions.
    655.79 Deposits and accounts in two or more names; presumption as to vesting on death.
    655.947
    655.954 Financial institution loans; credit cards.
    655.967
    658.21 Approval of application; findings required.
    658.34 Shares of capital stock.
    658.36 Changes in capital.
    658.44 Approval by stockholders; rights of dissenters; preemptive rights.

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  • CS/CS/HB 343, Engrossed 1 Posted 3/26/2008 at 5:18 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Floor Votes (1)

    Date Chamber Result
    4/24/2008 11:06 AM Senate 40 Yeas - 0 Nays

    Citations - Statutes (15)

    Citation Catchline Location in Bill Location In Bill Help
    520.02 Definitions.
    520.07 Requirements and prohibitions as to retail installment contracts.
    624.605 "Casualty insurance" defined.
    627.553 Debtor groups.
    627.679 Amount of insurance; disclosure.
    627.681 Term and evidence of insurance.
    655.005 Definitions.
    655.79 Deposits and accounts in two or more names; presumption as to vesting on death.
    655.947
    655.954 Financial institution loans; credit cards.
    655.967
    658.21 Approval of application; findings required.
    658.34 Shares of capital stock.
    658.36 Changes in capital.
    658.44 Approval by stockholders; rights of dissenters; preemptive rights.

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  • CS/CS/HB 343, Committee Substitute 2 Posted 3/12/2008 at 11:36 AM

    Bill Text:   Web Page | PDF
    Analyses:   Policy & Budget Council (Post-Meeting) (pdf)

    Floor Amendments (1)

    Amendment Sponsor Filed Last Floor Action Format
    351699 - Amendment
    Carroll 3/25/2008
    10:41 AM
    Web Page
    PDF

    Floor Votes (1)

    Date Chamber Result
    3/26/2008 3:11 PM House 115 Yeas - 0 Nays

    Citations - Statutes (15)

    Citation Catchline Location in Bill Location In Bill Help
    520.02 Definitions.
    520.07 Requirements and prohibitions as to retail installment contracts.
    624.605 "Casualty insurance" defined.
    627.553 Debtor groups.
    627.679 Amount of insurance; disclosure.
    627.681 Term and evidence of insurance.
    655.005 Definitions.
    655.79 Deposits and accounts in two or more names; presumption as to vesting on death.
    655.947
    655.954 Financial institution loans; credit cards.
    655.967
    658.21 Approval of application; findings required.
    658.34 Shares of capital stock.
    658.36 Changes in capital.
    658.44 Approval by stockholders; rights of dissenters; preemptive rights.

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  • CS/HB 343, Committee Substitute 1 Posted 3/10/2008 at 10:42 AM

    Bill Text:   Web Page | PDF
    Analyses:   Jobs & Entrepreneurship Council (Post-Meeting) (pdf)
    Policy & Budget Council (Post-Meeting) (pdf)

    Citations - Statutes (15)

    Citation Catchline Location in Bill Location In Bill Help
    520.02 Definitions.
    520.07 Requirements and prohibitions as to retail installment contracts.
    624.605 "Casualty insurance" defined.
    627.553 Debtor groups.
    627.679 Amount of insurance; disclosure.
    627.681 Term and evidence of insurance.
    655.005 Definitions.
    655.79 Deposits and accounts in two or more names; presumption as to vesting on death.
    655.947
    655.954 Financial institution loans; credit cards.
    655.967
    658.21 Approval of application; findings required.
    658.34 Shares of capital stock.
    658.36 Changes in capital.
    658.44 Approval by stockholders; rights of dissenters; preemptive rights.

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  • HB 343, Original Filed Version Posted 12/20/2007 at 4:40 PM

    Bill Text:   Web Page | PDF
    Analyses:   Committee on Financial Institutions (Post-Meeting) (pdf)
    Committee on Financial Institutions (Post-Meeting) (pdf)
    Jobs & Entrepreneurship Council (Post-Meeting) (pdf)

    Citations - Statutes (15)

    Citation Catchline Location in Bill Location In Bill Help
    520.02 Definitions.
    520.07 Requirements and prohibitions as to retail installment contracts.
    624.605 "Casualty insurance" defined.
    627.553 Debtor groups.
    627.679 Amount of insurance; disclosure.
    627.681 Term and evidence of insurance.
    655.005 Definitions.
    655.79 Deposits and accounts in two or more names; presumption as to vesting on death.
    655.947
    655.954 Financial institution loans; credit cards.
    655.967
    658.21 Approval of application; findings required.
    658.34 Shares of capital stock.
    658.36 Changes in capital.
    658.44 Approval by stockholders; rights of dissenters; preemptive rights.

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