CS/SB 580: Consumer Finance Loans
GENERAL BILL by Banking and Insurance ; Gruters
Consumer Finance Loans; Prohibiting a person from operating a branch of a business making consumer finance loans before obtaining a license from the Office of Financial Regulation; revising the maximum interest rate and the calculation of interest rates on consumer finance loans; requiring licensees offering an assistance program to borrowers after a federally declared major disaster to send a specified notice to the office within a certain timeframe; requiring certain licensees to suspend specified actions for a certain timeframe after a federally declared disaster, etc.
Effective Date: 7/1/2023
Last Action: 5/1/2023 Senate - Laid on Table -SJ 654
Bill Text: Web Page | PDF
Last Action: 5/1/2023 Senate - Laid on Table -SJ 654
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Appropriations Committee on Agriculture, Environment, and General Government (AEG)
- Fiscal Policy (FP)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/8/2023 | Senate |
• Filed |
| 2/16/2023 | Senate |
• Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy |
| 3/7/2023 | Senate |
• Introduced |
| 3/24/2023 | Senate |
• On Committee agenda-- Banking and Insurance, 03/29/23, 8:30 am, 412 Knott Building |
| 3/29/2023 | Senate |
• CS by Banking and Insurance; YEAS 8 NAYS 3 |
| 3/31/2023 | Senate |
• Pending reference review under Rule 4.7(2) - (Committee Substitute) • Now in Appropriations Committee on Agriculture, Environment, and General Government • CS by Banking and Insurance read 1st time |
| 4/13/2023 | Senate |
• On Committee agenda-- Appropriations Committee on Agriculture, Environment, and General Government, 04/18/23, 12:00 pm, 110 Senate Building |
| 4/18/2023 | Senate |
• Favorable by Appropriations Committee on Agriculture, Environment, and General Government; YEAS 10 NAYS 3 |
| 4/19/2023 | Senate |
• Now in Fiscal Policy |
| 4/20/2023 | Senate |
• On Committee agenda-- Fiscal Policy, 04/25/23, 10:00 am, 412 Knott Building |
| 4/25/2023 | Senate |
• Favorable by- Fiscal Policy; YEAS 15 NAYS 4 |
| 4/26/2023 | Senate |
• Placed on Calendar, on 2nd reading • Placed on Special Order Calendar, 05/01/23 |
| 5/1/2023 | Senate |
• Read 2nd time -SJ 653 • Substituted CS/CS/HB 1267 (Vetoed by Governor) -SJ 654 • Laid on Table -SJ 654 |
