2001 Regular Session

SENATE BILL 882

CHAPTER NUMBER: 630 File Code: Commercial Law - Credit Regulation Crossfiled with: HOUSE BILL 973
Sponsored By:
Senators Della, Astle, Bromwell, DeGrange, Dorman, Exum, Hafer, Hooper, Kelley, and Teitelbaum
Entitled:
Unsecured Closed End Credit Regulation - Credit Services Businesses - Study Commission

Synopsis:

Prohibiting a credit services business, its employees, and specified independent contractors from assisting a consumer to obtain an extension of unsecured closed end credit at a rate of interest which, except for federal preemption of State law, would be prohibited under specified provisions of law governing interest and usury, consumer loans, and closed end credit; creating a Short-Term Small Consumer Loan Study Commission; etc.

History by Legislative Date

Senate Action
3/2
First Reading Senate Rules
3/6
Re-referred Finance
Hearing 3/13 at 1:00 p.m.
3/29
Favorable with Amendments Report by Finance
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/30
Third Reading Passed (46-0)
4/2
Senate Concur - House Amendment
Third Reading Passed (43-2)
Passed Enrolled
5/18
Signed by the Governor Chapter 630
House Action
3/26
First Reading Commerce and Government Matters
4/2
Hearing 4/3 at 1:00 p.m.
4/4
Favorable with Amendments Report by Commerce and Government Matters
3/30
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/31
Third Reading Passed with Amendments (138-0)
Sponsored by:
Senator George W. Della, Jr., District 47
Senator John C. Astle, District 30
Senator Thomas L. Bromwell, District 8
Senator James E. DeGrange, Sr., District 32
Senator Arthur Dorman, District 21
Senator Nathaniel Exum, District 24
Senator John J. Hafer, District 1
Senator J. Robert Hooper, District 35
Senator Delores G. Kelley, District 10
Senator Leonard H. Teitelbaum, District 19
Bill indexed under the following Subjects:
COMMITTEES AND COMMISSIONS -see also- POLITICAL COMMITTEES
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
CREDIT
INTEREST
LOANS -see also- MORTGAGES
REPORTS
SUNSET
Bill affects the following Statute:
Commercial Law
( 14-1902 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 497177/1 (PDF)     Offered on: March 29, 2001   at: 12:15 p.m.     Status: Adopted
House
Number: 466688/1 (PDF)     Offered on: April 4, 2001   at: 11:08 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 30, 2001: Third Reading Passed (46-0)
April 2, 2001: Third Reading Passed (43-2)
House
March 31, 2001: Third Reading Passed (138-0)