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: 7/1/2009 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Last Action: 5/2/2009 Senate - Indefinitely postponed and withdrawn from consideration; Died in Committee on Banking and Insurance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Last Action: 5/2/2009 Senate - Indefinitely postponed and withdrawn from consideration; Died in Committee on Banking and Insurance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
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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5/2/2009 Senate • Indefinitely postponed and withdrawn from consideration; Died in Committee on Banking and Insurance
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SB 120, Original Filed Version (Current Bill Version) Posted 2/26/2009 at 5:42 PM
Bill Text: Web Page | PDF Analyses: None Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 560.4031