Indiana House Bill 1205 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Engrossed on January 29 2014 - 50% progression, died in committee
Action: 2014-02-04 - First Reading: Referred to Civil Law
Pending: Senate Civil Law Committee
Text: Latest bill text (Amended) [PDF]

Defines a "civil proceeding advance payment transaction", or "CPAP transaction", as a nonrecourse transaction in which a person ("CPAP provider") provides to a consumer claimant in a civil proceeding a funded amount, the repayment of which is: (1) required only if the consumer claimant prevails in the civil proceeding; and (2) sourced from the proceeds of the civil proceeding. Requires a CPAP provider to register with the department of insurance. Sets forth requirements, including disclosure requirements, for a contract (CPAP contract) entered into by a CPAP provider and a consumer claimant. Sets forth certain requirements and prohibitions with respect to CPAP transactions, including specifications for the contract amount. Specifies that a violation is an unfair and deceptive act or practice in the business of insurance. Specifies that a CPAP transaction is not a consumer loan or a loan for purposes of the Uniform Consumer Credit Code.

Civil proceeding advance payment transactions.

Rep. Matthew Lehman [R]

Rep. Martin Carbaugh [R]

Rep. Terri Jo Austin [D]

2014-01-29 - House - House - Third reading: passed (Y: 57 N: 39 NV: 1 Abs: 3) [PASS]
2014-01-28 - House - House Floor - (Y: 49 N: 36 NV: 3 Abs: 12) [PASS]
2014-01-22 - House - House Committee on Insurance - Roll Call 120501 (Y: 10 N: 2 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2014-02-04	Senate	First Reading: Referred to Civil Law
2014-01-30	House	Senator Eckerty added as second sponsor.
2014-01-30	House	Senator Holdman added as sponsor.
2014-01-29	House	Referred to the Senate
2014-01-29	House	Third reading: passed; Roll Call 108: yeas 57 and nays 39
2014-01-29	House	Representative Carbaugh added as coauthor.
2014-01-28	House	Second reading: amended, ordered engrossed
2014-01-28	House	Representative Austin added as coauthor.
2014-01-23	House	Committee report: do pass, adopted.
2014-01-14	House	First Reading: Referred to Insurance
2014-01-13	House	Authored by Representative Lehman.

Type	Source
Summary	https://iga.in.gov/legislative/2014/bills/house/1205/details
Text	http://iga.in.gov/static-documents/9/c/7/3/9c731e0f/HB1205.01.INTR.pdf
Text	http://iga.in.gov/static-documents/8/5/f/3/85f35872/HB1205.02.COMH.pdf
Text	http://iga.in.gov/static-documents/c/4/e/c/c4ec2066/HB1205.01.INTR.pdf
Text	http://iga.in.gov/static-documents/5/b/9/a/5b9a959a/HB1205.03.COMH.pdf
Text	http://iga.in.gov/static-documents/3/9/8/0/3980cd78/HB1205.02.COMH.pdf
Roll Call	http://iga.in.gov/static-documents/5/d/a/f/5daf1615/HB1205.01.INTR.pdf
Roll Call	http://iga.in.gov/static-documents/6/5/8/e/658e8753/HB1205.02.COMH.71.pdf
Roll Call	http://iga.in.gov/static-documents/2/f/f/d/2ffd1798/HB1205.03.COMH.108.pdf