HB 1462 IN

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Became Law

Allows the Indiana securities commissioner to request additional information for determining whether a franchise offer or sale is exempt from registration requirements. Provides that a continuing care retirement community's annual disclosure statement must be filed not later than 12 months following the end of its fiscal year. Provides that an individual may not engage in loan processing activities unless certain requirements have been met. Provides that a registered mortgage loan originator is not required to obtain a license under the law governing loan brokers. Provides that the securities division may discipline an individual who fails to comply with disclosure requirements. Amends the law on the licensing of collection agencies by adding a definition of "branch office" and providing that it is unlawful to operate a branch office without meeting certain requirements or to fail to comply with certain disclosure requirements.

• Robert Heaton Republican · author
• Travis Holdman Republican · sponsor
• Jack Sandlin · sponsor

1. Jan 14, 2021 Coauthored by Representatives Carbaugh, Schaibley, Mayfield · lower
2. Jan 14, 2021 Authored by Representative Heaton · lower
3. Jan 14, 2021 First reading: referred to Committee on Financial Institutions and Insurance · lower
4. Jan 26, 2021 Committee report: do pass, adopted · lower
5. Jan 28, 2021 Second reading: ordered engrossed · lower
6. Feb 1, 2021 Third reading: passed; Roll Call 29: yeas 94, nays 2 · lower
7. Feb 1, 2021 Senate sponsor: Senator Holdman · lower
8. Feb 2, 2021 Referred to the Senate · lower
9. Feb 18, 2021 First reading: referred to Committee on Insurance and Financial Institutions · upper
10. Apr 1, 2021 Committee report: do pass, adopted · upper
11. Apr 6, 2021 Second reading: ordered engrossed · upper
12. Apr 8, 2021 Third reading: passed; Roll Call 369: yeas 47, nays 0 · upper
13. Apr 8, 2021 Senator Sandlin added as second sponsor · upper
14. Apr 8, 2021 Senator Randolph added as cosponsor · upper
15. Apr 9, 2021 Returned to the House without amendments · upper
16. Apr 13, 2021 Signed by the Speaker · lower
17. Apr 23, 2021 Signed by the President Pro Tempore · upper
18. Apr 28, 2021 Signed by the President of the Senate · upper
19. Apr 29, 2021 Signed by the Governor · executive
20. Apr 29, 2021 Public Law 205 · lower

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 House Bill (H) · Apr 9, 2021 · PDF
• Introduced House Bill (H) · Jan 13, 2021 · PDF
• House Bill (H) · Jan 26, 2021 · PDF
• House Bill (S) · Apr 1, 2021 · PDF