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SB 346 IN
Became Law

Financial institutions and consumer credit.

IN · session 2021 · Senate · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 11, 2021

Latest action (Apr 15, 2021) Signed by the Governor

Summary

For purposes of the statutes governing: (1) first lien mortgage transactions; (2) the Uniform Consumer Credit Code; and (3) financial institutions; changes references to federal laws within those statutes from federal laws as in effect on December 31, 2019, to federal laws as in effect on December 31, 2020. Amends the statute concerning loans made by a credit union to the credit union's members to eliminate certain requirements with respect to loans secured by real estate. Amends the definition of "check" for purposes of the statute governing licensed cashers of checks to remove a reference to a "personal money order".

Sponsors (4)

Action history (19)
  1. Jan 11, 2021 Authored by Senator Bassler · upper
  2. Jan 11, 2021 First reading: referred to Committee on Insurance and Financial Institutions · upper
  3. Feb 4, 2021 Senator Randolph added as third author · upper
  4. Feb 4, 2021 Committee report: do pass, adopted · upper
  5. Feb 8, 2021 Second reading: ordered engrossed · upper
  6. Feb 9, 2021 House sponsor: Representative Carbaugh · upper
  7. Feb 9, 2021 Senator Raatz added as second author · upper
  8. Feb 9, 2021 Third reading: passed; Roll Call 90: yeas 47, nays 0 · upper
  9. Feb 10, 2021 Referred to the House · upper
  10. Mar 2, 2021 First reading: referred to Committee on Financial Institutions and Insurance · lower
  11. Mar 23, 2021 Committee report: do pass, adopted · lower
  12. Mar 25, 2021 Second reading: ordered engrossed · lower
  13. Mar 29, 2021 Third reading: passed; Roll Call 316: yeas 93, nays 0 · lower
  14. Mar 30, 2021 Returned to the Senate without amendments · lower
  15. Apr 5, 2021 Signed by the President Pro Tempore · upper
  16. Apr 7, 2021 Signed by the Speaker · lower
  17. Apr 14, 2021 Signed by the President of the Senate · upper
  18. Apr 15, 2021 Public Law 54 · upper
  19. Apr 15, 2021 Signed by the Governor · executive
Subjects
CONSUMER CREDIT AND PROTECTION (including UCCC)FINANCIAL INSTITUTIONSLOANS

Text versions (4)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Enrolled Senate Bill (S) · Mar 30, 2021 · PDF
  • Introduced Senate Bill (S) · Jan 11, 2021 · PDF
  • Senate Bill (S) · Feb 4, 2021 · PDF
  • Senate Bill (H) · Mar 23, 2021 · PDF

Full text

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Data from OpenStates. View on OpenStates →