SB 116: Debtors and Collectors [CPSC]
GENERAL BILL by Bullard
Debtors and Collectors [CPSC]; Requires lenders or creditors to verify the identity of persons applying for a loan, credit card, or extension of credit. Provides that the knowing and willful use of personal identifying information of another individual creates a rebuttable presumption. Provides for the forfeiture of indebtedness for failure of the lender or creditor to verify an applicant's identity.
Effective Date: 07/01/2010
Last Action: 4/30/2010 Senate - Died in Committee on Banking and Insurance
Bill Text: Web Page | PDF
Last Action: 4/30/2010 Senate - Died in Committee on Banking and Insurance
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 10/5/2009 | Senate |
• Filed |
| 12/9/2009 | Senate |
• Referred to Banking and Insurance; Judiciary |
| 3/2/2010 | Senate |
• Introduced, referred to Banking and Insurance; Judiciary -SJ 00018 |
| 4/30/2010 | Senate |
• Died in Committee on Banking and Insurance |