HB3 Alabama 2011 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2011
Title
Mini-Code, consumer credit transactions, late charge increased under certain conditions, Sec. 5-19-4 am'd. (2011-20001)
Description
Under existing provisions of the Alabama Consumer Credit Act, there are limits to the amount of late charges that lenders may impose on the amount of the scheduled payment in default 10 days or more.
This bill would provide for an increase in the maximum late charge that certain lenders may charge if the late charge is stipulated in the contract.
To amend Section 5-19-4, Code of Alabama 1975, relating to late charges under the Alabama Consumer Credit Act or the Mini-Code, to provide for an increase in the maximum late charge that certain lenders may charge if the late charge is stipulated in the contract.
Subjects
Banks and Banking
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| June 2, 2011 | Forwarded to Governor on June 2, 2011 at 8:30 p.m. on June 2, 2011. | |
| June 2, 2011 | Assigned Act No. 2011-529 on 06/09/2011. | |
| June 2, 2011 | Clerk of the House Certification | |
| June 2, 2011 | Enrolled | |
| June 2, 2011 | Clerk of the House Certification | |
| June 2, 2011 | Signature Requested | |
| June 2, 2011 | Concurred in Second House Amendment | |
| June 2, 2011 | Galliher motion to Concur In and Adopt adopted Roll Call 1111 | |
| June 2, 2011 | Concurrence Requested | |
| June 2, 2011 | Motion to Read a Third Time and Pass adopted Roll Call 982 | |
| June 2, 2011 | Motion to Adopt adopted Roll Call 981 | |
| June 2, 2011 | Dial Amendment Offered | |
| June 2, 2011 | Third Reading Passed | |
| May 3, 2011 | Read for the second time and placed on the calendar | |
| April 19, 2011 | Read for the first time and referred to the Senate committee on Commerce, Transportation, and Utilities | |
| April 14, 2011 | Engrossed | |
| April 14, 2011 | Oden abstained due to possible conflict of interest | |
| April 14, 2011 | Motion to Read a Third Time and Pass adopted Roll Call 290 | |
| April 14, 2011 | Motion to Adopt adopted Roll Call 289 | |
| April 14, 2011 | Ford Amendment Offered | |
| April 14, 2011 | Motion to Adopt adopted Roll Call 288 | |
| April 14, 2011 | Financial Services first Substitute Offered | |
| April 14, 2011 | Third Reading Passed | |
| March 3, 2011 | Read for the second time and placed on the calendar with 1 substitute and | |
| March 1, 2011 | Read for the first time and referred to the House of Representatives committee on Financial Services |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB3 Alabama 2011 Session - Enrolled |
| Bill Text | HB3 Alabama 2011 Session - Engrossed |
| Bill Text | HB3 Alabama 2011 Session - Introduced |
Source: Alabama Legislature