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
- IntroducedJan 24, 2006
- Out of committeestopped here
- Passed House
- Passed Senate
- Governor
- 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
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- 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.
- HB 3167 (2009–10) Elder placement referrals
- HB 3167 (2007–08) Environmental health
- HB 3167 (2003–04) Ocularists
- HB 3167 (1999–00) Prprty tx crdt/age sxty-four