2008 Regular Session

SENATE BILL 347

CHAPTER NUMBER: 34
EMERGENCY BILL File Code: Commercial Law - Credit Regulation Crossfiled with: HOUSE BILL 852
Sponsored By:
Senators Middleton and Astle
Entitled:
Credit Regulation - Credit Grantor Provisions - Fees, Charges, and Penalties

Synopsis:

Clarifying that specified fees may be collected by a credit grantor at any time; providing that specified penalties do not apply for specified acts or omissions arising from conformity to or reliance on specified opinions, interpretations, or approvals by specified persons under specified circumstances; providing that specified provisions of the Act may not be construed to limit specified penalties or limit specified powers of the Commissioner of Financial Regulation or the courts under specified circumstances; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
Senate Action
1/28
First Reading Finance
1/30
Hearing 2/19 at 1:00 p.m.
3/6
Favorable Report by Finance
3/7
Favorable
Special Order 3/11 (Senator Colburn) Adopted
3/11
Favorable Report Adopted
Floor Amendment (Senator Della) Rejected (17-26)
Floor Amendment (Senator Della) Rejected (12-32)
Second Reading Passed
3/13
Third Reading Passed (34-10)
3/21
Returned Passed
House Action
3/14
First Reading Economic Matters
3/17
Hearing 3/20 at 1:00 p.m.
3/20
Favorable Report by Economic Matters
3/18
Favorable Report Adopted
Second Reading Passed
Motion Rules Suspended two readings same day (Delegate Rudolph) Adopted (129-0)
Third Reading Passed (132-1)
Action after passage in Senate and House
4/8
Approved by the Governor
- Chapter 34

Sponsored by:

Senator Thomas M. Middleton, District 28
Senator John C. Astle, District 30

Bill indexed under the following Subjects:

Banks and Trust Companies
Courts -see also- Circuit; Appeals; District; Orphans`; etc.
Credit
Fees -see also- Devt Fees and Taxes; Reimbursement Rates
Financial Institutions -see also- Banks; Credit Unions; etc.
Financial Regulation, Division of
Loans -see also- Mortgages
Penalties

Bill affects the following Statutes:

Commercial Law
( 12-905 , 12-918.1 , 12-1005 , 12-1009 , 12-1018.1 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
Senate
Number: 743422/02     Offered on: March 11, 2008   at: 12:15 p.m.     Status: Rejected
Number: 743422/03     Offered on: March 11, 2008   at: 12:03 p.m.     Status: Rejected
Roll Call Votes (Legislative dates are shown):
Senate
March 11, 2008: Floor Amendment (Della) {743422/3 Rejected (17-26)
March 11, 2008: Floor Amendment (Della) {743422/2 Rejected (12-32)
March 13, 2008: Third Reading Passed (34-10)
House
March 18, 2008: Motion Rules Suspended two readings same day (Rudolph) Adopted (129-0)
March 18, 2008: Third Reading Passed (132-1)