HB 857 (2020) -  Business Services

General Bill by Fernandez-Barquin (CO-SPONSORS) Altman; Jones; Perez; Santiago
Business Services: Creates Access to Responsible Credit Pilot Program within OFR to provide consumer loans; requires persons to obtain program license from office before engaging in certain actions relating to program loans; requires program licensee's program branch offices to be licensed; provides requirements for program licensees, program loans, loan repayments, loan rescissions, interest rates, program loan refinancing, receipts, disclosures & statements provided by program licensees to borrowers, origination fees, insufficient funds fees, & delinquency charges; authorizes program licensees to provide program loans only to residents of specified counties; specifies program loan underwriting requirements for program licensees.
Effective Date: July 1, 2020
Last Event: Died in Insurance & Banking Subcommittee on Saturday, March 14, 2020 12:00 AM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 894 Subject: Business Services Relationship: Similar

Bill Text

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Insurance & Banking Subcommittee Time: 03/14/2020 - 12:00 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Indefinitely postponed and withdrawn from consideration Time: 03/14/2020 - 12:00 AM Member: Committee: Version: __
Event: H 1st Reading Time: 01/14/2020 - 11:19 PM Member: Committee: Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 12/16/2019 - 3:10 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 12/16/2019 - 3:10 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to Government Operations & Technology Appropriations Subcommittee Time: 12/16/2019 - 3:10 PM Member: Committee: Government Operations & Technology Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 12/16/2019 - 3:10 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 12/04/2019 - 4:30 PM Member: Fernandez-Barquin Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
516.405 CS/SB 894
516.41 CS/SB 894
516.42 CS/SB 894
516.43 CS/SB 894
516.44 CS/SB 894
516.45 CS/SB 894
516.46 CS/SB 894