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Original
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Opposite
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Review in
Original Chamber
Passed Both
Chambers
Conf. Cmte
(if necessary)
To Governor
Title
Financial Institutions - Consumer Credit - Sales-Based Financing Transactions
Sponsored by
Senator Kramer
Status
In the Senate - Hearing 2/23 at 1:00 p.m.
Analysis
Fiscal and Policy Note
Synopsis
Prohibiting a person from engaging in the business of making or soliciting a sales-based financing transaction unless the person is licensed by the Commissioner of Financial Regulation; requiring an applicant for a license to have $20,000 in available liquid assets and to have demonstrated a sufficient level of responsibility to command public confidence and warrant faith in the honest operation of the business; requiring the Commissioner to investigate and ensure that each applicant meets certain qualifications; etc.
Committees
Details
Cross-filed with: HB0664
Bill File Type: Regular
Effective Date(s): October 1, 2021
Legislation History
Chamber
Senate
Calendar Date
1/26/2021
Legislative Date
1/26/2021
Action
First Reading Finance
Proceedings
Chamber
Senate
Calendar Date
1/31/2021
Legislative Date
1/31/2021
Action
Hearing 2/23 at 1:00 p.m.
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
Senate 1/26/2021 1/26/2021 First Reading Finance
Text - First - Financial Institutions - Consumer Credit - Sales-Based Financing Transactions
Senate 1/31/2021 1/31/2021 Hearing 2/23 at 1:00 p.m.
(   11-610,   12-1101 through 12-1124 )
Last Updated: 2/25/2021 4:45 PM
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