Bill Title: Amends the Consumer Installment Loan Act. Provides that the certified database provider shall indemnify the licensee against all claims and actions arising from illegal or willful or wanton acts on the part of the certified database provider. The certified database provider may charge a fee not to exceed the lesser of $1 or 0.1% of the loan principal for each loan entered into the certified database. Prohibits the database provider from charging any additional fees or charges to the licensee. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2025-02-18 - Referred to Rules Committee [HB3634 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Jawaharial Williams [D]	Primary	Sponsored Bills	HD-010	FollowTheMoney	Ballotpedia	VoteSmart

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