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2009 SESSION
HB 1709 Payday lenders; prohibited from making an unsecured loan, etc., with interest rate in excess of 36%.
Introduced by: G. Glenn Oder | all patrons ... notes | add to my profiles
SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION: (all summaries)
Open-end loans by payday lenders. Prohibits licensed payday lenders from extending credit under open-end credit plans. Third parties are prohibited from making such loans at a payday lender's place of business. The prohibition does not apply to such loans if secured by a lien on a motor vehicle title. If a licensed payday lender relinquishes its license and then makes open-end loans, it may not be re-licensed to make payday loans for a period of 10 years. The measure is emergency legislation that will take effect upon passage. SB 1470 is identical.
FULL TEXT
- 01/05/09 House: Prefiled and ordered printed; offered 01/14/09 098653668 pdf
- 02/05/09 House: Committee substitute printed 090177668-H1 pdf
- 02/23/09 Senate: Committee substitute printed 090232324-S1 pdf
- 03/09/09 House: Bill text as passed House and Senate (HB1709ER) pdf | impact statement
- 04/08/09 House: Reenrolled bill text (HB1709ER2) pdf
- 04/08/09 Governor: Acts of Assembly Chapter text (CHAP0784) pdf
AMENDMENTS
HISTORY
- 01/05/09 House: Prefiled and ordered printed; offered 01/14/09 098653668
- 01/05/09 House: Referred to Committee on Commerce and Labor
- 02/05/09 House: Reported from Commerce and Labor with substitute (19-Y 1-N)
- 02/05/09 House: Committee substitute printed 090177668-H1
- 02/08/09 House: Read first time
- 02/09/09 House: Read second time
- 02/09/09 House: Committee substitute agreed to 090177668-H1
- 02/09/09 House: Engrossed by House - committee substitute HB1709H1
- 02/10/09 House: Read third time and passed House (97-Y 0-N 1-A)
- 02/10/09 House: VOTE: --- PASSAGE (97-Y 0-N 1-A)
- 02/11/09 Senate: Constitutional reading dispensed
- 02/11/09 Senate: Referred to Committee on Commerce and Labor
- 02/23/09 Senate: Reported from Commerce and Labor with substitute (15-Y 0-N)
- 02/23/09 Senate: Committee substitute printed 090232324-S1
- 02/24/09 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/25/09 Senate: Read third time
- 02/25/09 Senate: Reading of substitute waived
- 02/25/09 Senate: Committee substitute agreed to 090232324-S1
- 02/25/09 Senate: Engrossed by Senate - committee substitute HB1709S1
- 02/25/09 Senate: Passed Senate with substitute (40-Y 0-N)
- 02/26/09 House: Placed on Calendar
- 02/26/09 House: Senate substitute agreed to by House 090232324-S1 (96-Y 0-N 1-A)
- 02/26/09 House: VOTE: --- ADOPTION (96-Y 0-N 1-A)
- 03/09/09 House: Enrolled
- 03/09/09 House: Bill text as passed House and Senate (HB1709ER)
- 03/10/09 Senate: Signed by President
- 03/11/09 House: Signed by Speaker
- 03/30/09 House: Governor's recommendation received by House
- 04/07/09 House: Placed on Calendar
- 04/08/09 House: House concurred in Governor's recommendation (99-Y 0-N)
- 04/08/09 House: VOTE: --- ADOPTION (99-Y 0-N)
- 04/08/09 Governor: Emergency clause added by Governor's recommendation
- 04/08/09 Senate: Senate concurred in Governor's recommendation (40-Y 0-N)
- 04/08/09 Governor: Governor's recommendation adopted
- 04/08/09 House: Reenrolled
- 04/08/09 House: Reenrolled bill text (HB1709ER2)
- 04/08/09 House: Signed by Speaker as reenrolled
- 04/08/09 Senate: Signed by President as reenrolled
- 04/08/09 House: Enacted, Chapter 784 (effective 4/8/09)
- 04/08/09 Governor: Acts of Assembly Chapter text (CHAP0784)