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CS/CS/SB 874: Consumer Finance Loans

GENERAL BILL by Appropriations ; Banking and Insurance ; Rouson

Consumer Finance Loans; Creating the Access to Responsible Credit Pilot Program within the Office of Financial Regulation; requiring a program license from the office for certain actions relating to program loans; providing requirements for program licensees, program loans, loan repayments, loan rescissions, interest rates, program loan refinancing, receipts, disclosures and statements provided by program licensees to borrowers, origination fees, insufficient funds fees, and delinquency charges, etc. APPROPRIATION: $407,520

Effective Date: 1/1/2020
Last Action: 5/3/2019 House - Died in Messages
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations (AP)
  3. Rules (RC)



Bill History

Date Chamber Action
2/7/2019 Senate • Filed
2/19/2019 Senate • Referred to Banking and Insurance; Finance and Tax; Rules -SJ 97
3/5/2019 Senate • Introduced -SJ 97
3/18/2019 Senate • On Committee agenda-- Banking and Insurance, 03/18/19, 4:00 pm, 412 Knott Building --Not Considered
3/20/2019 Senate • On Committee agenda-- Banking and Insurance, 03/25/19, 4:00 pm, 412 Knott Building
3/25/2019 Senate • CS by Banking and Insurance; YEAS 8 NAYS 0 -SJ 281
3/27/2019 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
3/28/2019 Senate • Original reference(s) removed: Finance and Tax
• Remaining references corrected to Appropriations; Rules -SJ 302
• Now in Appropriations
4/2/2019 Senate • CS by Banking and Insurance read 1st time -SJ 290
4/15/2019 Senate • On Committee agenda-- Appropriations, 04/18/19, 9:00 am, 412 Knott Building
4/18/2019 Senate • CS/CS by Appropriations; YEAS 19 NAYS 1 -SJ 379
4/19/2019 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Rules
• On Committee agenda-- Rules, 04/23/19, 2:00 pm, 110 Senate Building
4/22/2019 Senate • CS/CS by Appropriations read 1st time -SJ 384
4/23/2019 Senate • Favorable by- Rules; YEAS 13 NAYS 2 -SJ 451
• Placed on Calendar, on 2nd reading
4/24/2019 Senate • Placed on Special Order Calendar, 04/26/19 -SJ 578
4/26/2019 Senate • Read 2nd time -SJ 537
• Amendment(s) adopted (709992) -SJ 543
• Read 3rd time -SJ 549
• CS passed as amended; YEAS 33 NAYS 4 -SJ 549
4/26/2019 House • In Messages
5/3/2019 House • Indefinitely postponed and withdrawn from consideration
• Died in Messages