IN SB0184 | 2021 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 5 2021 - 25% progression, died in committee
Action: 2021-01-26 - Senators Kruse and Melton added as coauthors
Pending: Senate Insurance & Financial Institutions Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 5 2021 - 25% progression, died in committee
Action: 2021-01-26 - Senators Kruse and Melton added as coauthors
Pending: Senate Insurance & Financial Institutions Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Small loan finance charges. Changes the current incremental finance charge limits that apply to a small loan to a maximum annual rate. Prohibits making, or taking other actions with respect to, a small loan with a greater rate or amount of interest, or other fees and charges, than allowed under the statute governing small loans. Prohibits a credit services organization from providing certain functions with respect to a small loan and makes a violation a deceptive act.
Title
Small loan finance charges.
Sponsors
| Sen. Greg Walker [R] | Sen. Ronald Grooms [R] | Sen. J.D. Ford [D] | Sen. Ronnie Alting [R] |
| Sen. Jean Breaux [D] | Sen. Dennis Kruse [R] | Sen. Eddie Melton [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-26 | Senate | Senators Kruse and Melton added as coauthors |
| 2021-01-26 | Senate | Senator Breaux added as coauthor |
| 2021-01-26 | Senate | Senator Alting added as coauthor |
| 2021-01-26 | Senate | Senator Grooms added as second author |
| 2021-01-25 | Senate | Senator Ford J.D. added as coauthor |
| 2021-01-05 | Senate | First reading: referred to Committee on Insurance and Financial Institutions |
| 2021-01-05 | Senate | Authored by Senator Walker G |
