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.
Effective Date: 7/1/2011
Last Action: 5/7/2011 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Last Action: 5/7/2011 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Judiciary (JU)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 11/23/2010 | Senate |
• Filed |
| 11/29/2010 | Senate |
• Referred to Banking and Insurance; Judiciary -SJ 20 |
| 3/8/2011 | Senate |
• Introduced -SJ 20 |
| 5/7/2011 | Senate |
• Indefinitely postponed and withdrawn from consideration • Died in Banking and Insurance |