Substitute for Raised S.B. No. 950
Session Year 2009
 


AN ACT CONCERNING CONSUMER CREDIT LICENSEES.

To require licensees who surrender a license to surrender such license to the Banking Commissioner; to authorize the Banking Commissioner to institute a license suspension, revocation or refusal to renew license proceeding within one year after a license is surrendered; to prevent the issuance of certain licenses if the applicants for such a license have been convicted within the past ten years of any misdemeanor involving the type of business for which the license is sought, or of any felony; to authorize the Banking Commissioner to deny an application for any such license within one year after such application is withdrawn; to expand the definition of a "debt adjuster" to add provisions governing the making or renewing of payday loans; to amend the statutes regarding money transmission licenses; to amend the statutes concerning bond requirements for certain licensees.

Introduced by:
Banking Committee

 New today  2-4 days old  5 days & older

Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 7/7/2009Signed by the Governor
 6/23/2009Transmitted to the Secretary of State
 6/18/2009(LCO)Public Act 09-208
 6/3/2009In Concurrence
 6/3/2009House Passed as Amended by Senate Amendment Schedule A
 6/3/2009House Adopted Senate Amendment Schedule A
 5/19/2009House Calendar Number 648
 5/19/2009Favorable Report, Tabled for the Calendar, House
 5/19/2009Rules Suspended, Transmitted to the House
 5/19/2009On Consent Calendar
 5/19/2009Senate Passed as Amended by Senate Amendment Schedule A
 5/19/2009Senate Adopted Senate Amendment Schedule A 7421
 4/22/2009Favorable Report, Tabled for the Calendar, Senate
 4/22/2009No New File by Committee on Judiciary
 4/22/2009(LCO)Reported Out of Legislative Commissioners' Office
 4/22/2009(LCO)Filed with Legislative Commissioners' Office
 4/21/2009(JUD)Joint Favorable
 4/14/2009Referred by Senate to Committee on Judiciary
 3/26/2009(LCO)File Number 233
 3/26/2009Senate Calendar Number 207
 3/26/2009Favorable Report, Tabled for the Calendar, Senate
 3/26/2009(LCO)Reported Out of Legislative Commissioners' Office
 3/20/2009(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 03/25/09 5:00 PM
 3/11/2009(LCO)Filed with Legislative Commissioners' Office
 3/10/2009(BA)Joint Favorable Substitute
 2/19/2009Public Hearing 02/24
 2/18/2009Referred to Joint Committee on Banking

Co-sponsors of SB-950

Sen. Mary Ann Handley, 4th Dist.
Sen. Gary D. LeBeau, 3rd Dist.
Rep. David A. Scribner, 107th Dist.
Rep. Fred Camillo, 151st Dist.
Rep. Bruce Zalaski, 81st Dist.
Rep. Jack F. Hennessy, 127th Dist.
Rep. Barbara L. Lambert, 118th Dist.
Rep. John E. Stripp, 135th Dist.
Rep. Elissa T. Wright, 41st Dist.
Rep. Kenneth P. Green, 1st Dist.
Sen. Thomas A. Colapietro, 31st Dist.
Rep. Joseph C. Serra, 33rd Dist.
Sen. Anthony J. Musto, 22nd Dist.
Sen. Toni Nathaniel Harp, 10th Dist.

NOTE: Please direct all inquiries regarding the status of bills to the Office of the House Clerk and/or Senate Clerks' Office.