BILL · 2005–06 SESSION

HB 3167: Small loans

Regulating small loans.

Summary

  • Requires the Department of Financial Institutions (DFI) to implement a common data base with real-time access through an internet connection for licensees who make small loans.
  • Requires licensees to submit specified data before entering into a small loan or payment plan.
  • Requires licensees to check to see if a prospective borrower has an outstanding small loan or payment plan.
  • Prohibits licensees from entering into a small loan or payment if the prospective borrower has an outstanding small loan or payment plan.
  • Exempts any identifying information in the database from public disclosure.
  • Requires a licensee to inform the military chain of command of a military borrower when a small loan is made to a military borrower.

From the House Bill Analysis (HB 3167), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 24, 2006
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Jim Clements (R-14)
Introduced
January 24, 2006 in the House
Last action
January 24, 2006
Budget
Has a fiscal note

AN ACT Relating to small loans;

Sponsors

Prime sponsor: Jim Clements (R-14)

1 co-sponsor (1 Democrat, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. First reading, referred to Financial Institutions & Insurance.

HB 3167 in other sessions

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

Report wrong or missing information on this page