BILL · 2005–06 SESSION
SB 5483: Small loans
Offering a small loan borrower a repayment option.
Summary
- Borrowers are affirmatively offered the option of skipping a payday and having a payday loan repaid out of a subsequent paycheck within 45 days, at no additional fee or interest.
From the Senate Bill Report (SB 5483), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedJan 26, 2005
- Out of committeestopped here
- Passed Senate
- Passed House
- Governor
- Law
- Prime sponsor
- Darlene Fairley (D-32)
- Introduced
- January 26, 2005 in the Senate
- Last action
- January 9, 2006
AN ACT Relating to small loans;
Sponsors
Prime sponsor: Darlene Fairley (D-32)
2 co-sponsors (2 Democrats, 0 Republicans)
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- By resolution, reintroduced and retained in present status.
- First reading, referred to Financial Institutions, Housing & Consumer Protection.
SB 5483 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5483 (2025–26) History & heritage education
- SB 5483 (2023–24) Digital processing services
- SB 5483 (2021–22) Transportation revenue
- SB 5483 (2019–20) Dev. disability services
- SB 5483 (2017–18) Telecomm service/underserved
- SB 5483 (2015–16) Political committees
- SB 5483 (2013–14) Financial education prtnrshp
- SB 5483 (2011–12) Student financial aid progs