HB 1081: Consumer Loans
GENERAL BILL by Burton ; (CO-INTRODUCERS) Antone ; Ingram
Consumer Loans; Provides terms for certain consumer loans made by licensees; specifies authorized amounts of certain fees & charges; authorizes borrower to rescind installment loan within specified period; requires licensee to refund or credit borrower certain charges under specified conditions; prohibits licensee from making payments to person as reward for referring loan applications to licensee.
Effective Date: 7/1/2015
Last Action: 4/28/2015 House - Died in Regulatory Affairs Committee
Bill Text: PDF
Last Action: 4/28/2015 House - Died in Regulatory Affairs Committee
Bill Text: PDF
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Bill History
Date Chamber Action 2/25/2015 House • Filed
3/3/2015 House • Introduced -HJ 90
3/8/2015 House • Referred to Insurance and Banking Subcommittee; Regulatory Affairs Committee -HJ 191
3/23/2015 House • On Committee agenda-- Insurance and Banking Subcommittee, 03/25/15, 8:00 am, Sumner Hall
3/25/2015 House • Favorable by Insurance and Banking Subcommittee; YEAS 8 NAYS 3 -HJ 307
• Now in Regulatory Affairs Committee -HJ 307
4/28/2015 House • Died in Regulatory Affairs Committee
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HB 1081, Original Filed Version (Current Bill Version) Posted 2/25/2015 at 6:41 PM
Bill Text: PDF Analyses: Insurance and Banking Subcommittee (Post-Meeting) 3/25/2015 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1012 Consumer Loans Richter Similar Last Action: 5/1/2015 S Died in Banking and Insurance
Location: In committee/council (BI)
Citations - Statutes (2)
Citation Catchline Location in Bill Location In Bill Help 516.031 Finance charge; maximum rates. Page 1 (pdf) 516.07 Grounds for denial of license or for disciplinary action. Page 4 (pdf)