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Glossary of Legislative Terms

SB 990: Motor Vehicle Title Loans

GENERAL BILL by Bennett

Motor Vehicle Title Loans; Provides a directive to the Division of Statutory Revision. Repeals provision relating to a short title. Preempts the regulation of motor vehicle title loans to the state. Provides that title loans are secured by a nonpurchase money security interest in a motor vehicle. Prohibits a title loan lender from also providing deferred presentment transactions. Revises the information that must be in a title loan agreement, etc.

Effective Date: 7/1/2011
 Last Action: 5/7/2011 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Community Affairs (CA)
  3. Budget (BC)


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Bill History

Date Chamber Action
2/10/2011 Senate • Filed
2/17/2011 Senate • Referred to Banking and Insurance; Community Affairs; Budget -SJ 76
3/8/2011 Senate • Introduced -SJ 76
5/7/2011 Senate • Indefinitely postponed and withdrawn from consideration
• Died in Banking and Insurance