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)
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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5/7/2011 Senate • Indefinitely postponed and withdrawn from consideration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
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SB 116, Original Filed Version (Current Bill Version) Posted 11/23/2010 at 8:21 AM
Bill Text: Web Page | PDF Analyses: None Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 687.072 Page 1 (pdf)