2000 Regular Session

SENATE BILL 460

File Code: Commercial Law - Credit Regulation
Sponsored By:
Senators Astle and DeGrange
Entitled:
Deferred Presentment Services - Licensure of Businesses Engaged in the Practice of

Synopsis:

Requiring persons who provide deferred presentment services in the State to be licensed by the Commissioner of Financial Regulation; specifying requirements an applicant must meet to qualify for a license; specifying the form and content of an application for a license; requiring each application for a license to be accompanied by specified fees and documents; establishing procedures for granting or denying a license; providing that a license issued under the Act is not transferable or assignable; etc.

History by Legislative Date

Senate Action
2/4
First Reading Finance
Hearing 2/29 at 1:00 p.m.
3/6
Unfavorable Report by Finance
House Action
No Action
Sponsored by:
Senator John C. Astle, District 30
Senator James E. DeGrange, Sr., District 32
Bill indexed under the following Subjects:
CHECKS
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
CRIMINAL BACKGROUND INVESTIGATIONS
DISCLOSURE
FEES -see also- DEVELOPMENT FEES AND TAXES
FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
FINGERPRINTING
INVESTIGATIONS AND INQUIRIES -see also- CRIM BCKGRND INVEST.
LABOR, LICENSING, AND REGULATION, DEPARTMENT OF
LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES
LOANS -see also- MORTGAGES
NOTICES
PENALTIES
RECORDS -see also- LAND RECORDS; VITAL RECORDS
REPORTS
RULES AND REGULATIONS
UNFAIR TRADE PRACTICES
Bill affects the following Statutes:
Commercial Law
( 12-101 , 12-101 , 12-301 , 12-301 )
Financial Institutions
( 1-101 , 1-101 , 11-601 , 11-602 , 11-603 , 11-604 , 11-605 , 11-606 , 11-607 , 11-608 , 11-609 , 11-610 , 11-611 , 11-612 , 11-613 , 11-614 , 11-615 , 11-616 , 11-617 , 11-618 , 11-619 , 11-620 , 11-621 , 11-622 , 11-623 , 11-624 , 11-625 , 11-626 , 11-627 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered