IN HB1239 | 2012 | Regular Session


Spectrum: Bipartisan Bill
Status: Enrolled on February 27 2012 - 75% progression, died in chamber
Action: 2012-03-06 - Signed by the Governor
Text: Latest bill text (Enrolled) [HTML]


Makes various changes to the laws concerning: (1) financial institutions; (2) debt management companies; (3) pawnbrokers; (4) money transmitters; (5) check cashers; (6) persons licensed under the Uniform Consumer Credit Code; (7) first lien mortgage lenders; and (8) rental purchase agreements. Repeals the definition of "office of thrift supervision" in the statutes governing the charter conversion of a: (1) building and loan association to a stock building and loan association; (2) mutual or stock savings association to a commercial bank; (3) mutual savings association to a mutual savings bank; (4) mutual or stock savings association to a stock savings bank; and (5) mutual savings bank to a stock savings bank. Changes the statute governing savings banks: (1) to repeal the definitions of "community based economic development" and "community development corporation"; and (2) to recodify the definitions in another provision of the statute. Repeals a provision that requires a savings bank to maintain 60% of its assets in certain qualified investments under the Internal Revenue Code. Repeals a provision that: (1) concerns the effect of a revocation, suspension, or surrender of a pawnbroker license on existing pawnbroker contracts; and (2) is incorporated into another provision of this bill.

Tracking Information

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Financial institutions and consumer credit.


Roll Calls

2012-02-27 - Senate - Senate - Third reading: passed (Y: 49 N: 0 NV: 0 Abs: 1) [PASS]
2012-01-30 - House - House - Third reading: passed (Y: 93 N: 1 NV: 1 Abs: 5) [PASS]


2012-03-06 Signed by the Governor
2012-03-02 Signed by the President of the Senate
2012-03-01 Signed by the President Pro Tempore
2012-02-29 Signed by the Speaker
2012-02-27 Returned to the House without amendments
2012-02-27 Third reading: passed; Roll Call 253: yeas 49 and nays 0
2012-02-23 Amendment 1 (Taylor), failed; voice vote
2012-02-23 Second reading: ordered engrossed
2012-02-21 Senator Taylor added as cosponsor
2012-02-16 Committee report: do pass, adopted
2012-02-01 First reading: referred to Committee on Insurance and Financial Institutions
2012-01-30 Senate sponsors: Senators Paul and Holdman
2012-01-30 Referred to the Senate
2012-01-30 Representatives Messmer, Riecken and Pryor added as coauthors
2012-01-30 Third reading: passed; Roll Call 111: yeas 93, nays 1
2012-01-26 Second reading: ordered engrossed
2012-01-12 Committee report: amend do pass, adopted
2012-01-09 First reading: referred to Committee on Financial Institutions
2012-01-09 Authored by Representative Burton

Indiana State Sources

Bill Comments