BILL · 2009–10 SESSION

HB 1685: Small loan 60-day paymt plan

Adding an additional sixty day payment plan option for small loans.

Summary

  • Requires a lender to allow a borrower to convert the unpaid principal and fee with a lender into a payment plan once every 12 months. A licensee may not assess any additional charge to convert a loan into a payment plan.
  • Extends the number of payments in a payment plan from three or more payments to four or more payments.

From the House Bill Analysis 2009 (HB 1685), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 27, 2009
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Steve Kirby (D-29)
Introduced
January 27, 2009 in the House
Last action
March 15, 2010

AN ACT Relating to adding an additional sixty day payment plan option for small loans;

Sponsors

Prime sponsor: Steve Kirby (D-29)

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. First reading, referred to Financial Institutions & Insurance.

HB 1685 in other sessions

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

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