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2008 SESSION

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HB 176 Payday Loan Act; requires SCC to contract with one or more parties to develop, etc. database.

Introduced by: Onzlee Ware | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Payday Loan Act; database.  Requires the State Corporation Commission, by January 1, 2009, to certify and contract with one or more third parties to develop, implement, and maintain an Internet-accessible database, and requires payday lenders to query the database prior to making any loan to determine whether an applicant is eligible for the loan. Fifty cents may be charged to defray the costs of using the database. The proceeds from the fees shall be used only for the payment of the expenses of the administration of the Payday Loan Act and of the performance of other functions of the Bureau of Financial Institutions. This bill was incorporated into HB 12.

FULL TEXT

• 12/26/07  House: Prefiled and ordered printed; offered 01/09/08 081051776  pdf | impact statement

HISTORY

• 12/26/07  House: Prefiled and ordered printed; offered 01/09/08 081051776
• 12/26/07  House: Referred to Committee on Commerce and Labor
• 02/05/08  House: Incorporated by Commerce and Labor (HB12-Oder) by voice vote