File Code: Commercial Law - Credit Regulation
Crossfiled with: HOUSE BILL 1027
- Sponsored By:
-
Senator Klausmeier
- Entitled:
-
Credit Regulation - Retail Installment Sales and Closed End Credit - Debt
Cancellation Agreements - Definitions
Altering the definition of "debt cancellation agreement", for purposes
of specified provisions of law governing retail installment sales and
closed end credit, to include, under specified circumstances, an
agreement under which the outstanding balance of a loan is reduced by
the actual cash value of a motor vehicle or of specified collateral at
the time of loss; altering the definitions of "outstanding balance"
and "remaining loan balance" to exclude deferred payments and a
specified portion of any financed taxes and charges; etc.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
For explanation of terms
click here.
Senate Action
- 2/8
- First Reading Senate Rules
- 2/10
- Re-referred Finance
- 2/20
- Hearing 3/13 at 1:00 p.m.
- 3/22
- Favorable with Amendments Report by Finance
- 3/19
- Favorable with Amendments {877273/1
- Laid Over (Senator Frosh) Adopted
- 3/20
- Favorable with Amendments {877273/1
- Special Order until p.m. session (Senator Raskin) Adopted
- Favorable with Amendments {877273/1
- Special Order until 3/26 (Senator Raskin) Adopted
- 3/22
- Favorable with Amendments {877273/1 Report Adopted
- Floor Amendment (Senator Raskin) {703922/1
- Special Order until 3/27 (Senator Middleton) Adopted
- 3/23
- Floor Amendment (Senator Raskin) {703922/1
- Special Order until later today (Senator Middleton) Adopted
- Floor Amendment (Senator Raskin) {703922/1 Rejected (21-26)
- Floor Amendment (Senator Raskin) {543723/1 Adopted (29-18)
- Floor Amendment (Senator Raskin) {343427/1 Adopted (41-5)
- Second Reading Passed with Amendments
- 3/24
- Third Reading Passed (25-20)
- 4/2
- Senate Concur - House Amendment
- Third Reading Passed (44-1)
- Passed Enrolled
House Action
- 3/26
- First Reading House Rules and Executive Nominations
- 3/30
- Re-referred Economic Matters
- 4/5
- Favorable with Amendments Report by Economic Matters
- 3/31
- Favorable with Amendments {473896/1 Report Adopted
- Second Reading Passed with Amendments
- 4/2
- Third Reading Passed with Amendments (131-0)
Action after passage in Senate and House
- 5/22
- Approved by the Governor
- - Chapter 618
Bill indexed under the following Subjects:
- Contracts -see also- Land Installment Contracts; Procurement
- Credit
- Debt Collection -see also- Attachments and Garnishments
- Loans -see also- Mortgages
- Motor Vehicles -see also- Aband Veh; Ambulances; Buses; etc.
Bill affects the following Statutes:
- Commercial Law
- (
12-601
,
12-601
,
12-1001
)
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:
Senate
- Number: 343427/01 Offered on: March 27, 2012 at:
12:51 p.m. Status: Adopted
- Number: 543723/01 Offered on: March 27, 2012 at:
12:43 p.m. Status: Adopted
- Number: 703922/01 Offered on: March 27, 2012 at:
12:29 p.m. Status: Rejected
- Number: 877273/01 Offered on: March 26, 2012 at:
7:39 p.m. Status: Adopted
House
- Number: 473896/01 Offered on: April 5, 2012 at:
11:39 a.m. Status: Adopted
-
Committee Votes :
Senate
- Finance
House
- Economic Matters
- Roll Call Votes (Legislative dates are shown):
Senate
- March 23, 2012: Floor Amendment (Raskin) {703922/1 Rejected (21-26)
- March 23, 2012: Floor Amendment (Raskin) {543723/1 Adopted (29-18)
- March 23, 2012: Floor Amendment (Raskin) {343427/1 Adopted (41-5)
- March 24, 2012: Third Reading Passed (25-20)
- April 2, 2012: Third Reading Passed (44-1)
House
- April 2, 2012: Third Reading Passed (131-0)
