SENATE BILL 239

Sponsored By:

Senator Astle

Entitled:

Credit Regulation - Consumer Loans - Collection of Attorney's Fees

Synopsis:

Authorizing a lender, on specified loans and under specified circumstances, to charge and collect from a borrower reasonable attorney's fees actually incurred in collecting the loan and not retained by the lender or an assignee of the loan.

History by Legislative Date

Senate Action

1/29

First Reading Finance

2/25

Hearing 3/12 at 1:00 p.m.

3/3

Hearing cancelled

Hearing 3/17 at 1:00 p.m.

3/26

Unfavorable Report by Finance

House Action

No Action

Bill indexed under the following Subjects:

ATTORNEYS

DEBT COLLECTION -see also- ATTACHMENTS AND GARNISHMENTS

FEES -see also- DEVELOPMENT FEES AND TAXES

LOANS -see also- MORTGAGES

Bill affects the following Statute:

Commercial Law

( 12-307.1 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered