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Legislation


2010 Regular Session

HOUSE BILL 1076

File Code: Commercial Law - Credit Regulation Crossfiled with: SENATE BILL 898
Sponsored By:
Delegate Feldman
Entitled:
Credit Regulation - Installment Loans Secured by Motor Vehicle Lien - Balloon Payments

Synopsis:

Authorizing a credit grantor that makes a specified installment loan to a consumer borrower to require the consumer borrower to pay a balloon payment at maturity of the installment loan if the amount of the installment loan exceeds $30,000 and the installment loan is secured by a lien on a motor vehicle.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
2/17
First Reading Economic Matters
2/18
Hearing 3/11 at 1:00 p.m.
3/25
Favorable with Amendments Report by Economic Matters
3/23
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/24
Third Reading Passed (141-0)
4/3
Returned Passed
Senate Action
3/26
First Reading Finance
3/31
Hearing 4/7 at 1:00 p.m.
4/8
Favorable Report by Finance
4/4
Favorable Report Adopted
Second Reading Passed
4/5
Third Reading Passed (44-1)
Action after passage in House and Senate
5/20
Approved by the Governor
- Chapter 633

Bill indexed under the following Subjects:

Consumer Protection -see also- Unfair Trade Practices
Liens -see also- Mechanics` Liens
Loans -see also- Mortgages
Motor Vehicles -see also- Aband Veh; Ambulances; Buses; etc.

Bill affects the following Statute:

Commercial Law
( 12-1003 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
House
Number: 543991/01     Offered on: March 25, 2010   at: 10:22 a.m.     Status: Adopted
Committee Votes :
House
Economic Matters
Senate
Finance
Roll Call Votes (Legislative dates are shown):
House
March 24, 2010: Third Reading Passed (141-0)
Senate
April 5, 2010: Third Reading Passed (44-1)
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