IN SB0328 | 2010 | Regular Session

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 25 2010 - 100% progression
Action: 2010-03-25 - Sections 191 through 209 effective 07/01/2010
Text: Latest bill text (Enrolled) [HTML]

Summary

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. Makes various changes to the laws concerning licensing residential mortgage loan creditors and originators to comply with requirements of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008. Repeals provisions being superseded by this bill. Repeals provisions under the Uniform Consumer Credit Code concerning the following: (1) A definition index. (2) Revocations of certain licenses. Repeals a provision requiring the display of a license by a debt management company. Repeals a provision concerning reverse mortgage loans made by savings associations and replaces the provision with requirements for reverse mortgage loans made by creditors in first lien mortgage transactions.

Tracking Information

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Title

Various financial institutions matters.

Sponsors


History

DateChamberAction
2010-03-25 Sections 191 through 209 effective 07/01/2010
2010-03-25 Section 190 effective 03/12/2010
2010-03-25 Sections 185 through 189 effective 07/01/2010
2010-03-25 Section 184 effective 03/12/2010
2010-03-25 Sections 176 through 183 effective 07/01/2010
2010-03-25 Sections 174 through 175 effective 03/12/2010
2010-03-25 Sections 137 through 173 effective 07/01/2010
2010-03-25 Section 136 effective 03/12/2010
2010-03-25 Sections 115 through 135 effective 07/01/2010
2010-03-25 Sections 112 through 114 effective 03/12/2010
2010-03-25 Sections 97 through 111 effective 07/01/2010
2010-03-25 Section 96 effective 03/12/2010
2010-03-25 Sections 69 through 95 effective 07/01/2010
2010-03-25 Section 68 effective 03/12/2010
2010-03-25 Sections 33 through 67 effective 07/01/2010
2010-03-25 Section 32 effective 03/12/2010
2010-03-25 Sections 1 through 31 effective 07/01/2010
2010-03-25 Public Law 35
2010-03-12 Signed by the Governor
2010-03-11 Signed by the President of the Senate
2010-03-08 Signed by the Speaker
2010-03-04 Signed by the President Pro Tempore
2010-02-25 Returned to the Senate without amendments
2010-02-25 Third reading: passed; Roll Call 251: Yeas 95, Nays 0
2010-02-22 Second reading: ordered engrossed
2010-02-11 Committee report: do pass, adopted
2010-02-09 First reading: referred to Committee on Financial Institutions
2010-02-02 Cosponsor: Rep. Burton
2010-02-02 House sponsor: Rep. Bardon
2010-02-02 Referred to the House
2010-02-02 Third reading: passed; Roll Call 149: Yeas 50 and Nays 0
2010-02-01 Amendment 2 (Paul), prevailed; Voice Vote
2010-02-01 Second reading: amended, ordered engrossed
2010-02-01 Senator Lewis added as second author
2010-02-01 Senator Lewis removed as coauthor
2010-01-28 Senator Lewis added as coauthor
2010-01-26 Committee report: amend do pass, adopted
2010-01-11 First reading: referred to Committee on Insurance and Financial Institutions
2010-01-11 Authored by Senator Paul

Indiana State Sources


Bill Comments

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