HB 1109 CS (2006) -  Title Loan Lenders

General Bill by Smith (CO-SPONSORS) Robaina
Title Loan Lenders: Includes title loan lenders within a prohibition against counties and municipalities regulating entities subject to the jurisdiction of the Office of Financial Regulation of the Financial Services Commission; requires payment of a license fee prior to being issued a license; increases the amount of license renewal fees; specifies information to be printed in title loan agreements; revises maximum interest rates chargeable on title loans; revises title loan agreement extension provisions; provides requirements and limitations on extension agreements; provides alternative requirements for title loans made to specified military personnel; requires the commission to establish rules for rates; provides payment requirements for title loan borrowers; provides interest and fee calculation methodologies; provides criteria and limitations for deferring required principal payments; provides for tolling title loan payment time requirements for specified military personnel; specifies an additional prohibited activity by a title loan lender relating to specified military personnel; prohibits title loans in excess of $3,000; prohibits specified activities by a title loan lender relating to military personnel; prohibits title loan lenders from engaging in specified business activities; provides for credit counseling services; provides for a grace period extending a title loan agreement to seek such services; provides for title loan repayment plans; requires the Office of Financial Regulation to prepare a list of approved credit counseling agencies; specifies required notices; repeals provisions relating to preserving authority for more restrictive county or municipal ordinances; provides an appropriation and authorizes additional positions.
Effective Date: July 1, 2006.
Last Event: Died in Commerce Council on Friday, May 5, 2006 11:59 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 1634 Subject: Title Loans Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: State Administration Appropriations Committee 4/19/2006 10:44:33 AM
Chamber: House Committee: State Administration Appropriations Committee 4/17/2006 8:52:12 AM
Chamber: House Committee: Economic Development, Trade & Banking Committee 4/5/2006 6:52:53 PM
Chamber: House Committee: Economic Development, Trade & Banking Committee 4/5/2006 2:58:27 PM
Chamber: House Committee: Economic Development, Trade & Banking Committee 4/5/2006 2:56:43 PM --UnPublished--

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Commerce Council Time: 05/05/2006 - 11:59 PM Member: Committee: Commerce Council Version:
Event: H Now in Commerce Council Time: 04/20/2006 - 4:09 PM Member: Committee: Commerce Council Version: c1
Event: H Pending review of CS under Rule 6.3 Time: 04/19/2006 - 11:02 AM Member: Committee: Version: c1
Event: H Reported out of State Administration Appropriations Committee Time: 04/19/2006 - 10:45 AM Member: Committee: State Administration Appropriations Committee Version: __
Event: H Favorable with CS by State Administration Appropriations Committee Time: 04/17/2006 - 4:00 PM Member: Committee: State Administration Appropriations Committee Version: __
Event: H Added to State Administration Appropriations Committee agenda Time: 04/13/2006 - 4:22 PM Member: Committee: State Administration Appropriations Committee Version: __
Event: H Now in State Administration Appropriations Committee Time: 04/05/2006 - 6:55 PM Member: Committee: State Administration Appropriations Committee Version: __
Event: H Reported out of Economic Development, Trade & Banking Committee Time: 04/05/2006 - 6:55 PM Member: Committee: Economic Development, Trade & Banking Committee Version: __
Event: H Favorable by Economic Development, Trade & Banking Committee Time: 04/05/2006 - 5:30 PM Member: Committee: Economic Development, Trade & Banking Committee Version: __
Event: H Added to Economic Development, Trade & Banking Committee agenda Time: 04/03/2006 - 3:08 PM Member: Committee: Economic Development, Trade & Banking Committee Version: __
Event: H Now in Economic Development, Trade & Banking Committee Time: 03/09/2006 - 2:43 PM Member: Committee: Economic Development, Trade & Banking Committee Version: __
Event: H Referred to Commerce Council Time: 03/09/2006 - 2:43 PM Member: Committee: Commerce Council Version: __
Event: H Referred to State Administration Appropriations Committee Time: 03/09/2006 - 2:43 PM Member: Committee: State Administration Appropriations Committee Version: __
Event: H Referred to Economic Development, Trade & Banking Committee Time: 03/09/2006 - 2:43 PM Member: Committee: Economic Development, Trade & Banking Committee Version: __
Event: H 1st Reading Time: 03/07/2006 - 11:59 PM Member: Committee: Version: __
Event: H Filed Time: 02/14/2006 - 12:29 PM Member: Smith Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
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