SB 120: Deferred Presentment Transactions [CPSC]
GENERAL BILL by Constantine
Deferred Presentment Transactions [CPSC]; Provides that any deferred presentment transaction entered into by a drawer with a nonexempt person who is not registered under the Money Services Businesses law is void. Provides penalties and civil remedies. Provides that it is a felony of the third degree to collect on any deferred presentment transaction known to be void. Provides criminal penalties.
Effective Date: 07/01/2009
Last Action: 5/2/2009 Senate - Indefinitely postponed and withdrawn from consideration; Died in Committee on Banking and Insurance
Bill Text: Web Page | PDF
Last Action: 5/2/2009 Senate - Indefinitely postponed and withdrawn from consideration; Died in Committee on Banking and Insurance
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 12/2/2008 | Senate |
• Filed |
| 12/17/2008 | Senate |
• Referred to Banking and Insurance; Criminal Justice; Judiciary; Criminal and Civil Justice Appropriations |
| 3/3/2009 | Senate |
• Introduced, referred to Banking and Insurance; Criminal Justice; Judiciary; Criminal and Civil Justice Appropriations -SJ 00013 |
| 5/2/2009 | Senate |
• Indefinitely postponed and withdrawn from consideration; Died in Committee on Banking and Insurance |