BILL · 2005–06 SESSION

SB 5484: Check cashers and sellers

Monitoring and reporting on check cashers and sellers.

Summary

  • Requires each payday lender to keep and maintain books, accounts, and records, and to submit financial statements as required in rule. Payday lenders must provide the Department of Financial Institutions (DFI) with any data required in rule to monitor the business. The DFI may require additional relevant information in rule.

From the House Bill Report (SB 5484), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 26, 2005
  2. Out of committeeFeb 22, 2005
  3. Passed SenateMar 15, 2005
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Darlene Fairley (D-32)
Introduced
January 26, 2005 in the Senate
Last action
January 9, 2006
Companion bill
HB 1778

AN ACT Relating to monitoring and reporting on check cashers and sellers;

Sponsors

Prime sponsor: Darlene Fairley (D-32)

3 co-sponsors (3 Democrats, 0 Republicans)

Votes

Senate · 3rd Reading & Final Passage

Passed March 15, 2005
Version voted on: SB 5484
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat26000
Republican21002
How each member voted

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, returned to Senate Rules Committee for third reading.
  3. Passed to Rules Committee for second reading.
  4. FII - Executive action taken by committee.
  5. Minority; do not pass.
  6. FII - Majority; do pass with amendment(s).
  7. First reading, referred to Financial Institutions & Insurance.
  8. Third reading, passed; yeas, 47; nays, 0; absent, 0; excused, 2.
  9. Rules suspended. Placed on Third Reading.
  10. Placed on second reading by Rules Committee.
  11. Made eligible to be placed on second reading.
  12. FHC - Majority; do pass.
  13. Passed to Rules Committee for second reading.
  14. First reading, referred to Financial Institutions, Housing & Consumer Protection.

SB 5484 in other sessions

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

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