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2016 SESSION
SB 167 Consumer finance companies; annual reports.
Introduced by: Scott A. Surovell | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Consumer finance companies; annual reports. Requires any consumer finance company that shares a location with a licensed motor vehicle title lender to file an annual report with the State Corporation Commission (SCC) that provides (i) information on the number of motor vehicles repossessed by the consumer finance company following a loan default by the borrower and (ii) the same types of information that the licensed motor vehicle title lender is required to include in its annual report to the SCC.
FULL TEXT
HISTORY
- 12/30/15 Senate: Prefiled and ordered printed; offered 01/13/16 16100377D
- 12/30/15 Senate: Referred to Committee on Commerce and Labor
- 01/25/16 Senate: Failed to report (defeated) in Commerce and Labor (6-Y 7-N 1-A)