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1998 SESSION

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SB 313 Consumer finance companies; examination and accounts, books, etc.

Introduced by: Richard J. Holland | all patrons    ...    notes | add to my profiles

SUMMARY:

Consumer finance companies; examination of accounts, books and records. Reduces the frequency of the State Corporation Commission's examinations of finance companies from twice to once in every three-year period. The bill also permits records of consumer finance licensees to be maintained electronically. Finally, the bill permits notes pledged as security for commercial funding of a finance company to be deposited wherever the commercial lender may require.


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