IN SB0373 | 2015 | Regular Session

Status

Spectrum: Bipartisan Bill
Status: Engrossed on February 24 2015 - 50% progression
Action: 2015-03-30 - Representative Austin added as cosponsor
Text: Latest bill text (Engrossed) [PDF]

Summary

Civil proceeding advance payment transactions. Defines a "civil proceeding advance payment transaction", or "CPAP transaction", as a nonrecourse transaction in which a person (CPAP provider) provides to a consumer claimant in a civil proceeding a funded amount, the repayment of which is: (1) required only if the consumer claimant prevails in the civil proceeding; and (2) sourced from the proceeds of the civil proceeding. Requires a CPAP provider to register with the department of financial institutions (department). Sets forth requirements, including disclosure requirements, for a contract (CPAP contract) entered into by a CPAP provider and a consumer claimant. Sets forth

Tracking Information

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Title

Civil proceeding advance payment transactions. Defines a "civil proceeding advance payment transaction", or "CPAP transaction", as a nonrecourse transaction in which a person (CPAP provider) provides to a consumer claimant in a civil proceeding a funded amount, the repayment of which is: (1) required only if the consumer claimant prevails in the civil proceeding; and (2) sourced from the proceeds of the civil proceeding. Requires a CPAP provider to register with the department of financial institutions (department). Sets forth requirements, including disclosure requirements, for a contract (CPAP contract) entered into by a CPAP provider and a consumer claimant. Sets forth

Sponsors


Roll Calls

2015-03-25 - House Committee on Financial Institutions - Committee Vote (Y: 10 N: 0 NV: 0 Abs: 3) [PASS]
2015-02-23 - Senate - Third reading (Y: 47 N: 2 NV: 1 Abs: 0) [PASS]
2015-02-09 - Senate Committee on Civil Law - Committee Vote (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2015-03-30HouseRepresentative Austin added as cosponsor
2015-03-30HouseSecond reading: ordered engrossed
2015-03-26HouseCommittee report: amend do pass, adopted
2015-03-03HouseFirst Reading: referred to committee on Financial Institutions
2015-02-24SenateReferred to the House
2015-02-23SenateRepresentative Lehman added as sponsor
2015-02-23SenateThird reading: passed; Roll Call 210: yeas 47, nays 2
2015-02-19SenateAmendment #6 (Head) prevailed; voice vote
2015-02-19SenateReread second time: amended, ordered engrossed
2015-02-17SenatePlaced back on second reading
2015-02-17SenateAmendment #4 (Young R Michael) prevailed; Division of the Senate: yeas 39, nays 9
2015-02-17SenateAmendment #5 (Head) prevailed; voice vote
2015-02-17SenateAmendment #1 (Head) prevailed; voice vote
2015-02-17SenateSecond reading: amended, ordered engrossed
2015-02-12SenateSenator Young, M. added as second author
2015-02-10SenateSenator Taylor added as coauthor
2015-02-09SenateCommittee report: amend do pass, adopted
2015-01-12SenatePursuant to Senate Rule 68(b); reassigned to Committee on Civil Law
2015-01-12SenateFirst Reading: referred to Committee on Judiciary
2015-01-12SenateAuthored by Senator Head

Indiana State Sources

TypeSource
Summaryhttp://iga.in.gov/legislative/2015/bills/senate/373/
Texthttp://iga.in.gov/static-documents/5/9/8/d/598d6442/SB0373.01.INTR.pdf
Texthttp://iga.in.gov/static-documents/c/1/0/9/c1095186/SB0373.01.INTR.pdf
Texthttp://iga.in.gov/static-documents/4/b/e/6/4be6bea7/SB0373.02.COMS.pdf
Texthttp://iga.in.gov/static-documents/4/6/e/1/46e1d018/SB0373.02.COMS.pdf
Texthttp://iga.in.gov/static-documents/3/d/c/0/3dc038be/SB0373.03.ENGS.pdf
Texthttp://iga.in.gov/static-documents/4/d/2/0/4d20a2c8/SB0373.03.ENGS.pdf
Texthttp://iga.in.gov/static-documents/e/4/5/c/e45cc6cd/SB0373.04.ENGS.pdf
Texthttp://iga.in.gov/static-documents/9/2/6/4/9264d580/SB0373.04.ENGS.pdf
Texthttp://iga.in.gov/static-documents/1/a/f/b/1afb35ff/SB0373.05.COMH.pdf
Roll Callhttp://iga.in.gov/static-documents/0/9/4/f/094ffa0c/SB0373.01.INTR.pdf
Roll Callhttp://iga.in.gov/static-documents/b/2/8/7/b28722fe/SB0373.210.pdf
Roll Callhttp://iga.in.gov/static-documents/b/d/1/5/bd158816/SB0373.04.ENGS.pdf

Bill Comments

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