Indiana House Bill 1447 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Passed on May 1 2019 - 100% progression
Action: 2019-05-01 - Public Law 176
Text: Latest bill text (Enrolled) [PDF]

Financial institutions and consumer credit. Makes various changes to the statutes concerning: (1) first lien mortgage lenders; (2) persons licensed under the Uniform Consumer Credit Code (UCCC); (3) rental purchase agreements; (4) debt management companies; (5) banks; (6) credit unions; (7) pawnbrokers; and (8) money transmitters. Repeals a provision in the statute concerning rental purchase agreements that specifies that any up-front payment made by the lessee: (1) must be treated as an initial rental payment; (2) is subject to the disclosure requirements under the statute; and (3) may be in a sum larger than a regular rental payment. Prohibits leasing of, and rental purchase agreements involving, live domestic animals. Repeals a provision in the UCCC that provides that civil proceeding advance payment transactions (CPAP transactions) are subject to the UCCC. Strikes all provisions concerning CPAP transactions from the UCCC. Repeals provisions in the UCCC that define certain terms relating to CPAP transactions. Moves language in the UCCC applicable to the licensing of civil proceeding advance payment providers to the existing statute concerning civil proceeding advance payments and makes conforming amendments.

Financial institutions and consumer credit. Makes various changes to the statutes concerning: (1) first lien mortgage lenders; (2) persons licensed under the Uniform Consumer Credit Code (UCCC); (3) rental purchase agreements; (4) debt management companies; (5) banks; (6) credit unions; (7) pawnbrokers; and (8) money transmitters. Repeals a provision in the statute concerning rental purchase agreements that specifies that any up-front payment made by the lessee: (1) must be treated as an initial rental payment; (2) is subject to the disclosure requirements under the statute; and (3) may be in a sum larger than a regular rental payment. Prohibits leasing of, and rental purchase agreements involving, live domestic animals. Repeals a provision in the UCCC that provides that civil proceeding advance payment transactions (CPAP transactions) are subject to the UCCC. Strikes all provisions concerning CPAP transactions from the UCCC. Repeals provisions in the UCCC that define certain terms relating to CPAP transactions. Moves language in the UCCC applicable to the licensing of civil proceeding advance payment providers to the existing statute concerning civil proceeding advance payments and makes conforming amendments.

Rep. Charles Burton [R]	Rep. Jeff Ellington [R]	Sen. Eric Bassler [R]	Sen. Andy Zay [R]
Sen. John Ruckelshaus [R]	Sen. J.D. Ford [D]

2019-04-15 - House - House - House concurred in Senate amendments (Y: 78 N: 14 NV: 1 Abs: 7) [PASS]
2019-04-09 - Senate - Senate - Third reading (Y: 48 N: 0 NV: 0 Abs: 2) [PASS]
2019-04-03 - Senate - Senate - Committee Vote (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
2019-02-04 - House - Third reading (Y: 93 N: 0 NV: 1 Abs: 6) [PASS]
2019-01-29 - House - House - Committee Vote (Y: 10 N: 0 NV: 0 Abs: 3) [PASS]

Date	Chamber	Action
2019-05-01	House	Public Law 176
2019-05-01	House	Signed by the Governor
2019-04-29	Senate	Signed by the President of the Senate
2019-04-18	Senate	Signed by the President Pro Tempore
2019-04-16	House	Signed by the Speaker
2019-04-15	House	House concurred in Senate amendments; Roll Call 531: yeas 78, nays 14
2019-04-15	House	Motion to concur filed
2019-04-10	Senate	Returned to the House with amendments
2019-04-09	Senate	Third reading: passed; Roll Call 429: yeas 48, nays 0
2019-04-08	Senate	Amendment #1 (Walker) prevailed; voice vote
2019-04-08	Senate	Second reading: amended, ordered engrossed
2019-04-04	Senate	Committee report: amend do pass, adopted
2019-02-27	Senate	Senator Ford J.D. added as cosponsor
2019-02-27	Senate	First reading: referred to Committee on Insurance and Financial Institutions
2019-02-05	House	Referred to the Senate
2019-02-04	House	Senate sponsors: Senators Bassler, Zay and Ruckelshaus
2019-02-04	House	Third reading: passed; Roll Call 91: yeas 93, nays 0
2019-01-31	House	Second reading: ordered engrossed
2019-01-29	House	Committee report: amend do pass, adopted
2019-01-28	House	Representative Ellington added as coauthor
2019-01-15	House	First reading: referred to Committee on Financial Institutions
2019-01-15	House	Authored by Representative Burton

Type	Source
Summary	https://iga.in.gov/legislative/2019/bills/house/1447/details
Text	http://iga.in.gov/static-documents/9/1/f/e/91fe9420/HB1447.01.INTR.pdf
Text	http://iga.in.gov/static-documents/8/6/0/2/8602c4af/HB1447.01.INTR.pdf
Text	http://iga.in.gov/static-documents/9/6/a/b/96ab52d2/HB1447.02.COMH.pdf
Text	http://iga.in.gov/static-documents/1/6/4/8/1648db46/HB1447.02.COMH.pdf
Text	http://iga.in.gov/static-documents/6/8/7/2/68724447/HB1447.03.COMS.pdf
Text	http://iga.in.gov/static-documents/3/2/c/b/32cbf352/HB1447.03.COMS.pdf
Text	http://iga.in.gov/static-documents/0/1/b/d/01bdd877/HB1447.04.ENGS.pdf
Text	http://iga.in.gov/static-documents/a/2/d/9/a2d9011c/HB1447.04.ENGS.pdf
Text	http://iga.in.gov/static-documents/c/9/6/2/c962179a/HB1447.05.ENRS.pdf
Roll Call	http://iga.in.gov/static-documents/6/8/0/5/68056799/HB1447.01.INTR.01.pdf
Roll Call	http://iga.in.gov/static-documents/3/5/e/b/35eb0893/HB1447.91.pdf
Roll Call	http://iga.in.gov/static-documents/4/a/8/2/4a8270f7/HB1447.02.COMH.01.pdf
Roll Call	http://iga.in.gov/static-documents/1/2/b/2/12b28aa8/HB1447.429.pdf
Roll Call	http://iga.in.gov/static-documents/4/e/9/a/4e9a7118/HB1447.531.pdf