BILL · 1993–94 SESSION · LATEST VERSION SSB 5714

SB 5714: Vendor single interest insur

Regulating vendor single-interest insurance.

Summary

  • A secured party may charge a borrower for VSI coverage only if the original loan agreement, or a separate document accompanying the original loan agreement and signed by the borrower, discloses the borrower's rights and responsibilities regarding VSI coverage. Before a secured party charges the borrower for VSI coverage, that party must send two letters of notice to the borrower.

From the Substitute Senate Bill Report (SSB 5714), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 186, Laws of 1994
  1. IntroducedFeb 10, 1993
  2. Out of committee
  3. Passed SenateFeb 15, 1994
  4. Passed HouseMar 3, 1994
  5. Governor
  6. LawMar 30, 1994
Prime sponsor
Karen Fraser (D-22)
Introduced
February 10, 1993 in the Senate
Last action
March 30, 1994
Session law
Chapter 186, Laws of 1994
Budget
Has a fiscal note
Versions
SB 5714, SSB 5714

Sponsors

Prime sponsor: Karen Fraser (D-22)

2 co-sponsors (1 Democrat, 1 Republican)

Votes

Senate · Final Passage

February 15, 1994
Version voted on: SSB 5714
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat27001
Republican20001
How each member voted

House · Final Passage

March 3, 1994
Version voted on: SSB 5714
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat61002
Republican35000
How each member voted

Yea (96)

Excused (2)

Senate · Final Passage

March 5, 1994
Version voted on: SSB 5714
44 Yea 0 Nay 0 Absent 5 Excused
PartyYeaNayAbsentExcused
Democrat23005
Republican21000
How each member voted

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 5714 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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