Indiana House Bill 1319 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 8-0)
Status: Engrossed on February 1 2018 - 50% progression, died in committee
Action: 2018-02-01 - First reading: referred to Committee on Commerce and Technology
Pending: Senate Commerce & Technology Committee
Text: Latest bill text (Amended) [PDF]

Small loans and unsecured consumer installment loans. Authorizes a lender that is licensed by the department of financial institutions (department) to make small loans under the Uniform Consumer Credit Code (UCCC) to make unsecured consumer installment loans under the same license. Defines an "unsecured consumer installment loan" as a loan: (1) with a principal amount that is: (A) more than $605 and not more than $1,500; and (B) payable in three or more substantially equal periodic payments; and (2) in which the lender holds one or more checks of the borrower for a specific period, or receives the borrower's authorization

Small loans and unsecured consumer installment loans. Authorizes a lender that is licensed by the department of financial institutions (department) to make small loans under the Uniform Consumer Credit Code (UCCC) to make unsecured consumer installment loans under the same license. Defines an "unsecured consumer installment loan" as a loan: (1) with a principal amount that is: (A) more than $605 and not more than $1,500; and (B) payable in three or more substantially equal periodic payments; and (2) in which the lender holds one or more checks of the borrower for a specific period, or receives the borrower's authorization

Rep. Martin Carbaugh [R]	Rep. Robert Morris [R]	Rep. Charles Burton [R]	Rep. Wendy McNamara [R]
Rep. Wendy McNamara [R]	Sen. Mark Messmer [R]	Sen. Erin Houchin [R]	Sen. Jeff Raatz [R]

2018-01-31 - House - House - Third reading (Y: 53 N: 41 NV: 1 Abs: 5) [PASS]
2018-01-24 - House - House - Committee Vote (Y: 8 N: 5 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2018-02-01	Senate	First reading: referred to Committee on Commerce and Technology
2018-02-01	House	Referred to the Senate
2018-01-31	House	Senate sponsors: Senators Messmer, Houchin and Raatz
2018-01-31	House	Third reading: passed; Roll Call 113: yeas 53, nays 41
2018-01-29	House	Representative McNamara added as coauthor
2018-01-29	House	Second reading: ordered engrossed
2018-01-25	House	Committee report: amend do pass, adopted
2018-01-23	House	Representative Burton added as coauthor
2018-01-22	House	Representative Morris added as coauthor
2018-01-11	House	First reading: referred to Committee on Financial Institutions
2018-01-11	House	Authored by Representative Carbaugh

Type	Source
Summary	https://iga.in.gov/legislative/2018/bills/house/1319/details
Text	http://iga.in.gov/static-documents/e/1/2/6/e126affa/HB1319.01.INTR.pdf
Text	http://iga.in.gov/static-documents/3/3/8/5/33856c61/HB1319.01.INTR.pdf
Text	http://iga.in.gov/static-documents/e/6/1/1/e611575a/HB1319.02.COMH.pdf
Roll Call	http://iga.in.gov/static-documents/c/a/d/d/cadd76e4/HB1319.01.INTR.00.pdf
Roll Call	http://iga.in.gov/static-documents/c/0/6/5/c065d690/HB1319.113.pdf