CS/SB 1436: Consumer Finance Loans
GENERAL BILL by Appropriations Committee on Agriculture, Environment, and General Government ; Burton
Consumer Finance Loans; Defining the term “branch”; prohibiting a person from operating a branch of a business making consumer finance loans before obtaining a license from the Office of Financial Regulation; specifying application fees for branch licenses; requiring licensees offering an assistance program to borrowers after a federally declared 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.
Last Action: 3/4/2024 Senate - Laid on Table, companion bill(s) passed, see CS/HB 1347 (Ch. 2024-276) -SJ 647
Bill Text: Web Page | PDF
- Banking and Insurance (BI)
- Appropriations Committee on Agriculture, Environment, and General Government (AEG)
- Fiscal Policy (FP)
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Bill History
Date Chamber Action 1/5/2024 Senate • Filed
1/10/2024 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
• Introduced
1/17/2024 Senate • On Committee agenda-- Banking and Insurance, 01/22/24, 4:00 pm, 412 Knott Building
1/22/2024 Senate • Favorable by Banking and Insurance; YEAS 7 NAYS 2
1/23/2024 Senate • Now in Appropriations Committee on Agriculture, Environment, and General Government
2/5/2024 Senate • On Committee agenda-- Appropriations Committee on Agriculture, Environment, and General Government, 02/08/24, 2:00 pm, 110 Senate Building --Temporarily Postponed
2/8/2024 Senate • On Committee agenda-- Appropriations Committee on Agriculture, Environment, and General Government, 02/13/24, 8:30 am, 110 Senate Building
2/13/2024 Senate • CS by Appropriations Committee on Agriculture, Environment, and General Government; YEAS 8 NAYS 2
2/15/2024 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Fiscal Policy
• CS by Appropriations Committee on Agriculture, Environment, and General Government read 1st time
2/22/2024 Senate • On Committee agenda-- Fiscal Policy, 02/27/24, 9:00 am, 412 Knott Building
2/27/2024 Senate • Favorable by- Fiscal Policy; YEAS 13 NAYS 6
2/28/2024 Senate • Placed on Calendar, on 2nd reading
• Placed on Special Order Calendar, 03/01/24
3/1/2024 Senate • Retained on Special Order Calendar -SJ 606
3/4/2024 Senate • Read 2nd time -SJ 647
• Substituted CS/HB 1347 -SJ 647
• Laid on Table, companion bill(s) passed, see CS/HB 1347 (Ch. 2024-276) -SJ 647
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CS/SB 1436, Committee Substitute 1 (Current Bill Version) Posted 2/15/2024 at 11:31 AM
Bill Text: Web Page | PDF Analyses: Fiscal Policy (Pre-Meeting) 2/26/2024 (pdf)
Fiscal Policy (Post-Meeting) 2/28/2024 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1347 (er) Consumer Finance Loans Commerce Committee Similar Last Action: 7/1/2024 Chapter No. 2024-276 
Floor Amendments (1)
Amendment Sponsor Filed Last Floor Action Format 770590 - Amendment
Between lines 332 and 333 insert:Berman 2/29/2024
2:46 PMSenate: Withdrawn
3/4/2024Web Page
PDFCommittee Votes (1)
Date Committee Result 2/27/2024 9:00 AM Fiscal Policy 13 Yeas - 6 Nays Citations - Statutes (8)
Citation Catchline Location in Bill Location In Bill Help 516.01 Definitions. Page 2 (pdf) 516.02 Loans; lines of credit; rate of interest; license. Page 4 (pdf) 516.03 Application for license; fees; etc. Page 4 (pdf) 516.031 Finance charge; maximum rates. Page 5 (pdf) 516.15 Duties of licensee. Page 8 (pdf) 516.19 Penalties. Page 12 (pdf) 516.38 Page 10 (pdf) 516.39 Page 11 (pdf) -
SB 1436, Original Filed Version Posted 1/5/2024 at 9:48 AM
Bill Text: Web Page | PDF Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1347 Consumer Finance Loans Commerce Committee Similar Last Action: 7/1/2024 Chapter No. 2024-276
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 402814 - Amendment
Between lines 233 and 234 insert:Appropriations Committee on Agriculture, Environment, and General Government
(Burton)2/7/2024
1:52 PMReplaced by Committee Substitute
2/13/2024Web Page
PDFCommittee Votes (2)
Date Committee Result 1/22/2024 4:00 PM Banking and Insurance 7 Yeas - 2 Nays 2/13/2024 8:30 AM Appropriations Committee on Agriculture, Environment, and General Government 8 Yeas - 2 Nays Citations - Statutes (8)
Citation Catchline Location in Bill Location In Bill Help 516.01 Definitions. Page 2 (pdf) 516.02 Loans; lines of credit; rate of interest; license. Page 3 (pdf) 516.03 Application for license; fees; etc. Page 4 (pdf) 516.031 Finance charge; maximum rates. Page 5 (pdf) 516.15 Duties of licensee. Page 8 (pdf) 516.19 Penalties. Page 11 (pdf) 516.38 Page 9 (pdf) 516.39 Page 10 (pdf)
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