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
Last Action: 5/7/2011 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Community Affairs (CA)
- Budget (BC)
-
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5/7/2011 Senate • Indefinitely postponed and withdrawn from consideration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
-
SB 990, Original Filed Version (Current Bill Version) Posted 2/10/2011 at 1:48 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 877 Title Loans Gibbons Similar Last Action: 3/22/2011 H Unfavorable by Business and Consumer Affairs Subcommittee, laid on Table; YEAS 1 NAYS 12 -HJ 1982
Location: Laid on Table
Citations - Statutes (19)
Citation Catchline Location in Bill Location In Bill Help 494.00797 General rule. Page 32 (pdf) 537.001 Short title. Page 2 (pdf) 537.002 Legislative intent. Page 2 (pdf) 537.003 Definitions. Page 3 (pdf) 537.004 License required; license fees. Page 5 (pdf) 537.005 Application for license. Page 8 (pdf) 537.006 Denial, suspension, or revocation of license. Page 10 (pdf) 537.007 Remedies for title loans made without licensure. Page 14 (pdf) 537.008 Title loan agreement. Page 14 (pdf) 537.0085 Page 19 (pdf) 537.009 Recordkeeping; reporting; safekeeping of property. Page 20 (pdf) 537.011 Title loan charges. Page 21 (pdf) 537.012 Repossession, disposal of pledged property; excess proceeds. Page 24 (pdf) 537.013 Prohibited acts. Page 26 (pdf) 537.014 Right to reclaim; lost title loan agreement. Page 28 (pdf) 537.015 Criminal penalties. Page 28 (pdf) 537.016 Subpoenas; enforcement actions; rules. Page 29 (pdf) 537.017 Investigations and complaints. Page 30 (pdf) 537.018 County and municipal ordinances. Page 32 (pdf)