SB 116: Debtors and Creditors
GENERAL BILL by Bullard
Debtors and Creditors; 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 the right to collect an indebtedness for failure to verify an applicant's identity.
Last Action: 5/7/2011 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
- Banking and Insurance (BI)
- Judiciary (JU)
• Referred to Banking and Insurance; Judiciary -SJ 20
• Introduced -SJ 20
• Indefinitely postponed and withdrawn from consideration
• Died in Banking and Insurance
Companion bills that are identical word-for-word, not including titles. However, Resolutions and Concurrent Resolutions are considered identical if the only difference is the word "House" or "Senate."
Companion bills that are substantially similar in text or have substantial portions of text that are largely the same.
Bills that have selected provisions that are similar in text.
A bill that is contingent upon passage of another bill within the same chamber, e.g., a trust fund bill, a bill providing a public record exemption, or an implementing bill.
The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
The links for the page numbers are formatted to open the bill text PDF directly to the page containing the citation. However, if your browser is set to open PDFs in a new window, as is often the case with 64-bit browsers, the bill text will open to the first page.