Georgia House Bill 950 (Prior Session Legislation)

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Sponsorship: Moderate Partisan Bill (Republican 5-1)
Status: Introduced on February 9 2012 - 25% progression, died in committee
Action: 2012-02-15 - House Second Readers
Pending: House Banks and Banking Committee
Text: Latest bill text (Introduced) [HTML]

A BILL to be entitled an Act to amend Code Section 7-4-18 of the O.C.G.A., relating to criminal penalties for excessive interest rates, so as to exclude motor vehicle title loan brokers from a 5 percent per month interest limit; to amend Article 3 of Chapter 12 of Title 44 of the O.C.G.A., relating to bailments, so as to remove motor vehicles from the classification of pledged goods for pawn transactions and responsibilities of pawn brokers; to amend Part 5 of Article 8 of Chapter 14 of Title 44 of the Official Code of Georgia Annotated, relating to liens of pawnbrokers, factors, bailees, acceptors, and depositories, so as to remove motor vehicles from liens that are considered pawn transactions; to provide for related matters; to repeal conflicting laws; and for other purposes.

Excessive interest rates; motor vehicle title loan brokers; exclude from a 5 percent per month interest limit

Rep. Penny Houston [R]	Rep. Rick Jasperse [R]	Rep. Culver Kidd [I]	Rep. Jay Powell [R]
Rep. Carlton Rogers [R]	Rep. Roger Williams [R]

Date	Chamber	Action
2012-02-15		House Second Readers
2012-02-09		House First Readers

Type	Source
Summary	https://www.legis.ga.gov/legislation/35848
Text	http://www1.legis.ga.gov/legis/2011_12/versions/hb950_LC_39_0044_a_2.htm