2010 Regular Session

SENATE BILL 898

CHAPTER NUMBER: 632
File Code: Commercial Law - Credit Regulation Crossfiled with: HOUSE BILL 1076
Sponsored By:
Senators Glassman, Middleton, and Klausmeier
Entitled:
Credit Regulation - Installment Loans Secured by Motor Vehicle Lien - Balloon Payments

Synopsis:

Authorizing a credit grantor that makes a specified installment loan secured by a lien on a motor vehicle to a consumer borrower to require the consumer borrower to pay a balloon payment at maturity of the installment loan if the loan exceeds $30,000.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/15
First Reading Senate Rules
2/19
Re-referred Finance
Hearing 3/2 at 1:00 p.m.
3/15
Favorable with Amendments Report by Finance
3/17
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/19
Third Reading Passed (43-3)
4/5
Senate Concur - House Amendments
Third Reading Passed (45-1)
Passed Enrolled
House Action
3/20
First Reading Economic Matters
3/24
Hearing 4/6 at 1:00 p.m.
4/7
Favorable with Amendments Report by Economic Matters
3/31
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/1
Third Reading Passed with Amendments (140-0)
Action after passage in Senate and House
5/20
Approved by the Governor
- Chapter 632

Sponsored by:

Senator Barry Glassman, District 35
Senator Katherine Klausmeier, District 8
Senator Thomas M. Middleton, District 28

Bill indexed under the following Subjects:

Consumer Protection -see also- Unfair Trade Practices
Liens -see also- Mechanics` Liens
Loans -see also- Mortgages
Motor Vehicles -see also- Aband Veh; Ambulances; Buses; etc.

Bill affects the following Statute:

Commercial Law
( 12-1003 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
Senate
Number: 277671/01     Offered on: March 17, 2010   at: 11:06 a.m.     Status: Adopted
House
Number: 193596/01     Offered on: April 7, 2010   at: 10:25 a.m.     Status: Adopted
Committee Votes :
Senate
Finance
House
Economic Matters
Roll Call Votes (Legislative dates are shown):
Senate
March 19, 2010: Third Reading Passed (43-3)
April 5, 2010: Third Reading Passed (45-1)
House
April 1, 2010: Third Reading Passed (140-0)