2003 Regular Session

SENATE BILL 179

CHAPTER NUMBER: 364 File Code: Commercial Law - Credit Regulation Prior Year Introduction As: SB 482/02 - FIN Crossfiled with: HOUSE BILL 331
Sponsored By:
Senators Kelley, Astle, Exum, Gladden, Hafer, Hooper, Klausmeier, Middleton, Pipkin, and Teitelbaum
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
1/27
First Reading Finance
1/31
Hearing 2/11 at 1:00 p.m.
2/17
Favorable with Amendments Report by Finance
2/19
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
2/21
Third Reading Passed (46-0)
4/2
Returned Passed
5/22
Signed by the Governor Chapter 364
House Action
2/24
First Reading Economic Matters
3/10
Hearing 3/19 at 1:00 p.m.
4/2
Favorable Report by Economic Matters
3/29
Favorable Report Adopted
Second Reading Passed
3/30
Third Reading Passed (133-1)
Sponsored by:
Senator Delores G. Kelley, District 10
Senator John C. Astle, District 30
Senator Nathaniel Exum, District 24
Senator Lisa A. Gladden, District 41
Senator John J. Hafer, District 1
Senator J. Robert Hooper, District 35
Senator Katherine A. Klausmeier, District 8
Senator Thomas M. Middleton, District 28
Senator E. J. Pipkin, District 36
Senator Leonard H. Teitelbaum, District 19
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
FORMS
INTEREST
MORTGAGES
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: 597773/01 (PDF)     Offered on: February 19, 2003   at: 10:30 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
February 21, 2003: Third Reading Passed (46-0)
House
March 30, 2003: Third Reading Passed (133-1)