BILL · 2005–06 SESSION

SB 5796: Refund anticipation loans

Regulating refund anticipation loans.

Summary

  • The Refund Anticipation Loan Act, which regulates the activities of facilitators, is created. Facilitator is defined under the Act as a person who assists the consumer in obtaining or applying for a RAL. This definition does not include financial institutions and their servicers, persons who do not have direct contact with the consumer, or any of the employees of a facilitator.

From the Senate Bill Report (SB 5796), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 7, 2005
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Darlene Fairley (D-32)
Introduced
February 7, 2005 in the Senate
Last action
January 9, 2006
Budget
Has a fiscal note

AN ACT Relating to refund anticipation loans;

Sponsors

Prime sponsor: Darlene Fairley (D-32)

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Financial Institutions, Housing & Consumer Protection.

SB 5796 in other sessions

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

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