BILL · 2023–24 SESSION
HB 1874: Predatory loans
Protecting consumers from predatory loans.
Summary
- Provides the Department of Financial Institutions with additional enforcement authority under the Consumer Loan Act (Act).
- Expands the definition of "loan" under the Act.
- Makes loans made by an unlicensed person subject to the Act null, void, uncollectable, and unenforceable.
From the House Bill Analysis 2024 (HB 1874), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedJan 8, 2024
- Out of committeestopped here
- Passed House
- Passed Senate
- Governor
- Law
- Prime sponsor
- Amy Walen (D-48)
- Introduced
- January 8, 2024 in the House
- Last action
- January 8, 2024
- Companion bill
- SB 6025
- Budget
- Has a fiscal note
AN ACT Relating to protecting consumers from predatory loans;
Sponsors
Prime sponsor: Amy Walen (D-48)
22 co-sponsors (20 Democrats, 2 Republicans)
Eric Robertson R-31Cindy Ryu D-32Melanie Morgan D-29Mari Leavitt D-28Lillian Ortiz-Self D-21Alex Ramel D-40Davina Duerr D-1Bill Ramos D-5Vandana Slatter D-48Julia Reed D-36Timm Ormsby D-3Joe Timmons D-42Lisa Callan D-5Strom Peterson D-21Chipalo Street D-37Bryan Sandlin R-15Dave Paul D-10Beth Doglio D-22My-Linh Thai D-41Sharon Wylie D-49Kristine Reeves D-30David Hackney D-11
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- First reading, referred to Consumer Protection & Business.
- Prefiled for introduction.
HB 1874 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- HB 1874 (2025–26) Textured hair training
- HB 1874 (2021–22) Prof. licensure/convictions
- HB 1874 (2019–20) Adolescent behavioral health
- HB 1874 (2017–18) Blood alcohol level/vehicles
- HB 1874 (2015–16) Allopathic physicians
- HB 1874 (2013–14) Federal immigration policy
- HB 1874 (2011–12) Sexual exploitation/children
- HB 1874 (2009–10) Sales, use, and B & O taxes