CS/CS/SB 874 (2019) -  Consumer Finance Loans

General Bill by Appropriations and Banking and Insurance and Rouson
Consumer Finance Loans: Creating the Access to Responsible Credit Pilot Program within the Office of Financial Regulation; requiring a program license from the office for certain actions relating to program loans; providing requirements for program licensees, program loans, loan repayments, loan rescissions, interest rates, program loan refinancing, receipts, disclosures and statements provided by program licensees to borrowers, origination fees, insufficient funds fees, and delinquency charges, etc.
Effective Date: 01/01/2020
Last Event: Died in Messages on Friday, May 3, 2019 11:59 PM

Referred Committees and Committee Actions

Senate Referrals

  • Banking and Insurance
    • On agenda for: 03/25/19 4:00 PM
    • Favorable With Committee Substitute (final action) Votes: Yeas 8   Nays 0
  • Appropriations
    • On agenda for: 04/18/19 9:00 AM
    • Favorable With Committee Substitute (final action) Votes: Yeas 19   Nays 1
  • Rules
    • On agenda for: 04/23/19 2:00 PM
    • Favorable (final action) Votes: Yeas 13   Nays 2

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/CS/HB 469 Subject: Consumer Finance Loans Relationship: Similar

Bill Text

  • Engrossed 1
  • Committee Substitute 2
    • D 308946 , Rouson Date Filed: 04/25/19, Line#: 0 Senate: Replaced by Substitute 4/26/2019 12:31:16 PM
    • SD 709992 , Rouson Date Filed: 04/25/19, Line#: 0 Senate: Adopted 4/26/2019 12:30:35 PM
  • Committee Substitute 1
    • A 291940 , Appropriations, Rouson Date Filed: 04/16/19, Line#: 141 Senate(c): Replaced by Committee Substitute 04/18/2019 06:54 PM
    • A 449408 , Appropriations, Rouson Date Filed: 04/16/19, Line#: 781 Senate(c): Replaced by Committee Substitute 04/18/2019 06:54 PM
  • Original Filed Version
    • A 402070 , Banking and Insurance, Rouson Date Filed: 03/15/19, Line#: 146 Senate(c): Replaced by Substitute Amendment 03/25/2019 06:03 PM
    • AA 431878 , Banking and Insurance, Rouson Date Filed: 03/15/19, Line#: 114 Senate(c): Out of Order 03/25/2019 06:03 PM
    • SA 153120 , Banking and Insurance, Rouson Date Filed: 03/18/19, Line#: 146 Senate(c): Replaced by Committee Substitute 03/25/2019 06:03 PM

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Rules 4/23/2019 9:36:24 PM
Chamber: Senate Committee: Rules 4/22/2019 12:02:24 PM
Chamber: Senate Committee: Appropriations 4/19/2019 4:26:08 PM
Chamber: Senate Committee: Appropriations 4/17/2019 9:36:09 AM
Chamber: Senate Committee: Banking and Insurance 3/26/2019 4:49:52 PM
Chamber: Senate Committee: Banking and Insurance 3/15/2019 3:24:32 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: Senate Date: 04/26/2019 12:31 PM   Yeas: 33 Nays: 4 Action: Action 2: Vote Detail: Vote [Seq# 13] Barcode:

Bill History

Event Time Member Committee Ver.
Event: H Died in Messages Time: 05/03/2019 - 11:59 PM Member: Committee: Version: e1
Event: H Indefinitely postponed and withdrawn from consideration Time: 05/03/2019 - 11:59 PM Member: Committee: Version: e1
Event: H In Messages Time: 04/26/2019 - 2:55 PM Member: Committee: Version: e1
Event: S CS passed as amended; YEAS 33 NAYS 4 -SJ 549 Time: 04/26/2019 - 12:32 PM Member: Committee: Version: c2
Event: S Read 3rd time -SJ 549 Time: 04/26/2019 - 12:30 PM Member: Committee: Version: c2
Event: S Amendment(s) adopted (709992) -SJ 543 Time: 04/26/2019 - 12:30 PM Member: Committee: Version: c2
Event: S Read 2nd time -SJ 537 Time: 04/26/2019 - 12:27 PM Member: Committee: Version: c2
Event: S Placed on Special Order Calendar, 04/26/19 -SJ 578 Time: 04/24/2019 - 3:17 PM Member: Committee: Version: c2
Event: S Placed on Calendar, on 2nd reading Time: 04/23/2019 - 9:38 PM Member: Committee: Version: c2
Event: S Favorable by- Rules; YEAS 13 NAYS 2 -SJ 451 Time: 04/23/2019 - 7:46 PM Member: Committee: Rules Version: c2
Event: S CS/CS by Appropriations read 1st time -SJ 384 Time: 04/22/2019 - 3:48 PM Member: Committee: Appropriations Version: c2
Event: S On Committee agenda-- Rules, 04/23/19, 2:00 pm, 110 Senate Building Time: 04/19/2019 - 5:13 PM Member: Committee: Rules Version: c1
Event: S Now in Rules Time: 04/19/2019 - 4:44 PM Member: Committee: Rules Version: c2
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 04/19/2019 - 4:39 PM Member: Committee: Appropriations Version: c2
Event: S CS/CS by Appropriations; YEAS 19 NAYS 1 -SJ 379 Time: 04/18/2019 - 6:17 PM Member: Committee: Appropriations Version: c1
Event: S On Committee agenda-- Appropriations, 04/18/19, 9:00 am, 412 Knott Building Time: 04/15/2019 - 3:16 PM Member: Committee: Appropriations Version: c1
Event: S CS by Banking and Insurance read 1st time -SJ 290 Time: 04/02/2019 - 3:39 PM Member: Committee: Banking and Insurance Version: c1
Event: S Now in Appropriations Time: 03/28/2019 - 3:52 PM Member: Committee: Appropriations Version: c1
Event: S Remaining references corrected to Appropriations; Rules -SJ 302 Time: 03/28/2019 - 3:52 PM Member: Committee: Appropriations Version: c1
Event: S Original reference(s) removed: Finance and Tax Time: 03/28/2019 - 3:52 PM Member: Committee: Finance and Tax Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 03/27/2019 - 9:06 AM Member: Committee: Banking and Insurance Version: __
Event: S CS by Banking and Insurance; YEAS 8 NAYS 0 -SJ 281 Time: 03/25/2019 - 5:58 PM Member: Committee: Banking and Insurance Version: __
Event: S On Committee agenda-- Banking and Insurance, 03/25/19, 4:00 pm, 412 Knott Building Time: 03/20/2019 - 4:06 PM Member: Committee: Banking and Insurance Version: __
Event: S On Committee agenda-- Banking and Insurance, 03/18/19, 4:00 pm, 412 Knott Building --Not Considered Time: 03/18/2019 - 6:16 PM Member: Committee: Banking and Insurance Version: __
Event: S Introduced -SJ 97 Time: 03/05/2019 - 8:20 AM Member: Committee: Version: __
Event: S Referred to Banking and Insurance; Finance and Tax; Rules -SJ 97 Time: 02/19/2019 - 9:44 AM Member: Committee: Banking and Insurance Version: __
Event: S Filed Time: 02/07/2019 - 3:24 PM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
516.405 CS/CS/CS/HB 469
516.41 CS/CS/CS/HB 469
516.42 CS/CS/CS/HB 469
516.43 CS/CS/CS/HB 469
516.44 CS/CS/CS/HB 469
516.45 CS/CS/CS/HB 469
516.46 CS/CS/CS/HB 469