HB 857: Business Services
GENERAL BILL by Fernandez-Barquin ; (CO-INTRODUCERS) Altman ; Jones ; Perez ; Santiago
Business Services; Creates Access to Responsible Credit Pilot Program within OFR to provide consumer loans; requires persons to obtain program license from office before engaging in certain actions relating to program loans; requires program licensee's program branch offices to be licensed; provides requirements for program licensees, program loans, loan repayments, loan rescissions, interest rates, program loan refinancing, receipts, disclosures & statements provided by program licensees to borrowers, origination fees, insufficient funds fees, & delinquency charges; authorizes program licensees to provide program loans only to residents of specified counties; specifies program loan underwriting requirements for program licensees. APPROPRIATION: $407,520
Last Action: 3/14/2020 House - Died in Insurance and Banking Subcommittee
Bill Text: PDF
• Referred to Insurance and Banking Subcommittee; Government Operations and Technology Appropriations Subcommittee; Commerce Committee -HJ 73
• Introduced -HJ 73
• Indefinitely postponed and withdrawn from consideration
• Died in Insurance and Banking Subcommittee
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