BILL · 2003–04 SESSION
SB 5541: Retail installment payments
Concerning retail installment contracts.
Summary
- Refund credits for prepayment in full of installment contract balances are to be computed using the actuarial method. Under certain circumstances, the refund is to be made as if the contract had calculated interest using the simple interest method.
From the Senate Bill Report (SB 5541), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · stalled on the Senate floor
- IntroducedJan 29, 2003
- Out of committeeMar 3, 2003
- Passed Senatestopped here
- Passed House
- Governor
- Law
- Prime sponsor
- Karen Keiser (D-33)
- Introduced
- January 29, 2003 in the Senate
- Last action
- February 25, 2004
AN ACT Relating to prepayment of unpaid time balance;
Sponsors
Prime sponsor: Karen Keiser (D-33)
2 co-sponsors (1 Democrat, 1 Republican)
Votes
No recorded floor votes.
History
- Senate Rules "X" file.
- Placed on second reading by Rules Committee.
- Made eligible to be placed on second reading.
- Revert to Rules White Sheet.
- By resolution, reintroduced and retained in present status.
- By resolution, reintroduced and retained in present status.
- By resolution, reintroduced and retained in present status.
- Referred to Rules.
- Senate Rules "X" file.
- Placed on second reading by Rules Committee.
- Made eligible to be placed on second reading.
- Passed to Rules Committee for second reading.
- FSIH - Majority; do pass.
- First reading, referred to Financial Services, Insurance & Housing.
SB 5541 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5541 (2025–26) Future fund pilot project
- SB 5541 (2023–24) Supply chain transparency
- SB 5541 (2021–22) Newspapers/B&O tax
- SB 5541 (2019–20) Revenue reform task force
- SB 5541 (2017–18) Teen wages
- SB 5541 (2015–16) Electronic commerce taxation
- SB 5541 (2013–14) Real property redemption
- SB 5541 (2011–12) Transportation connectivity