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2005 SESSION
HB 1777 Consumer Finance Act; licensure of lenders.
Introduced by: Harry R. Purkey | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Consumer Finance Act licensing. Requires a person to seek approval from the State Corporation Commission prior to acquiring 25 percent or more of the ownership interest in a lender licensed under the Consumer Finance Act. The measure also updates the Act by modifying the contents of the application for licensure, establishing qualifications for principals of new licensees, and requiring licensees to give notice to the Commissioner of the Bureau of Financial Institutions of the opening or closing of offices and of changes in senior officers, members, partners, and directors.
FULL TEXT
- 01/04/05 House: Prefiled & ordered printed; offered 01/12/05 054130158 pdf | impact statement
- 03/02/05 House: Bill text as passed House and Senate (HB1777ER) pdf | impact statement
- 03/24/05 Governor: Acts of Assembly Chapter text (CHAP0063) pdf
HISTORY
- 01/04/05 House: Prefiled & ordered printed; offered 01/12/05 054130158
- 01/04/05 House: Referred to Committee on Commerce and Labor
- 01/13/05 House: Reported from Commerce and Labor (21-Y 0-N)
- 01/17/05 House: Read first time
- 01/18/05 House: Read second time and engrossed
- 01/19/05 House: Read third time and passed House BLOCK VOTE (97-Y 0-N)
- 01/19/05 House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
- 01/19/05 House: Communicated to Senate
- 01/20/05 Senate: Constitutional reading dispensed
- 01/20/05 Senate: Referred to Committee on Commerce and Labor
- 02/14/05 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 02/16/05 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/16/05 Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
- 02/17/05 Senate: Read third time
- 02/17/05 Senate: Passed Senate (40-Y 0-N)
- 02/17/05 Senate: VOTE: PASSAGE R (40-Y 0-N)
- 03/02/05 House: Bill text as passed House and Senate (HB1777ER)
- 03/02/05 House: Enrolled
- 03/03/05 House: Signed by Speaker
- 03/04/05 Senate: Signed by President
- 03/20/05 Governor: Approved by Governor-Chapter 63 (effective 7/1/05)
- 03/24/05 Governor: Acts of Assembly Chapter text (CHAP0063)