HB 877: Title Loans
GENERAL BILL by Gibbons
Title Loans; Exempts certain persons from specified financial & lending regulations adopted by counties & municipalities; provides that regulation of title loans is preempted to state; transfers regulation of title loans from OFR to DOACS; prohibits certain activities at or within certain proximity of title loan offices; provides for deposit of certain moneys in General Inspection Trust Fund; revises grounds for disciplinary action against title loan lenders, etc.
Effective Date: 7/1/2011
Last Action: 3/22/2011 House - Unfavorable by Business and Consumer Affairs Subcommittee, laid on Table; YEAS 1 NAYS 12 -HJ 1982
Bill Text: Web Page | PDF
Last Action: 3/22/2011 House - Unfavorable by Business and Consumer Affairs Subcommittee, laid on Table; YEAS 1 NAYS 12 -HJ 1982
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 2/21/2011 House • Filed
3/3/2011 House • Referred to Business and Consumer Affairs Subcommittee; Appropriations Committee; Economic Affairs Committee -HJ 76
3/8/2011 House • Introduced -HJ 75
3/18/2011 House • On Committee agenda-- Business and Consumer Affairs Subcommittee, 03/22/11, 8:30 am, 12 HOB
3/22/2011 House • Unfavorable by Business and Consumer Affairs Subcommittee, laid on Table; YEAS 1 NAYS 12 -HJ 1982
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HB 877, Original Filed Version (Current Bill Version) Posted 2/21/2011 at 11:09 AM
Bill Text: Web Page | PDF Analyses: Business and Consumer Affairs Subcommittee (Post-Meeting) 3/25/2011 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 990 Motor Vehicle Title Loans Bennett Similar Last Action: 5/7/2011 S Died in Banking and Insurance
Location: In committee/council (BI)
Citations - Statutes (18)
Citation Catchline Location in Bill Location In Bill Help 494.00797 General rule. Page 2 (pdf) 537.001 Short title. Page 3 (pdf) 537.002 Legislative intent. Page 3 (pdf) 537.003 Definitions. Page 4 (pdf) 537.004 License required; license fees. Page 6 (pdf) 537.005 Application for license. Page 9 (pdf) 537.006 Denial, suspension, or revocation of license. Page 11 (pdf) 537.007 Remedies for title loans made without licensure. Page 15 (pdf) 537.008 Title loan agreement. Page 15 (pdf) 537.009 Recordkeeping; reporting; safekeeping of property. Page 21 (pdf) 537.011 Title loan charges. Page 22 (pdf) 537.012 Repossession, disposal of pledged property; excess proceeds. Page 25 (pdf) 537.013 Prohibited acts. Page 27 (pdf) 537.014 Right to reclaim; lost title loan agreement. Page 30 (pdf) 537.015 Criminal penalties. Page 31 (pdf) 537.016 Subpoenas; enforcement actions; rules. Page 31 (pdf) 537.017 Investigations and complaints. Page 33 (pdf) 537.018 County and municipal ordinances. Page 34 (pdf)