2002 Regular Session

SENATE BILL 482

File Code: Commercial Law - Credit Regulation Crossfiled with: HOUSE BILL 438
Sponsored By:
Senator Kelley
Entitled:
Credit Regulation - Credit Grantor Revolving Credit Provisions - Amendment of Plan Agreement

Synopsis:

Repealing a requirement that a credit grantor give a specified notice to a borrower when the credit grantor amends an agreement governing a revolving credit plan if the amendment has the effect of altering the manner of computing specified fees and charges; repealing a requirement that the credit grantor send a second notice of a specified amendment of a plan agreement to the borrower; repealing a requirement that the Commissioner of Financial Regulation approve the form of a specified notice; etc.

History by Legislative Date

Senate Action
2/1
First Reading Finance
2/6
Hearing 3/12 at 1:00 p.m.
2/26
Hearing cancelled
Hearing 3/13 at 1:00 p.m.
3/19
Favorable with Amendments Report by Finance
3/20
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/22
Third Reading Passed (46-0)
4/5
Returned Passed
5/15
Governor vetoed - Policy
House Action
3/22
First Reading Commerce and Government Matters
Hearing 4/3 at 1:00 p.m.
4/5
Favorable Report by Commerce and Government Matters
4/3
Favorable Report Adopted
Second Reading Passed
4/4
Third Reading Passed (135-0)
Bill indexed under the following Subjects:
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
CREDIT
FEES -see also- DEVELOPMENT FEES AND TAXES
FINANCIAL REGULATION, DIVISION OF
INTEREST
NOTICES
Bill affects the following Statute:
Commercial Law
( 12-912 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 207671/1 (PDF)     Offered on: March 20, 2002   at: 12:19 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 22, 2002: Third Reading Passed (46-0)
House
April 4, 2002: Third Reading Passed (135-0)