HB417 Alabama 2015 Session
Summary
- Primary Sponsor
-
Patricia ToddDemocrat - Session
- Regular Session 2015
- Title
- Deferred Presentment Services Act, amended to require licenses to use a database to ensure that a customer does not have any deferred presentment transaction over $500, Sec. 5-18A-13 am'd.
- Description
Under existing law, deferred presentment transactions, commonly referred to as payday loans, are regulated by the State Banking Department pursuant to the Deferred Presentment Services Act.
This bill would require licensees to use a database designated by the supervisor to ensure that a customer does not have any deferred presentment transaction over $500.
- Subjects
- Deferred Presentment Services
Bill Actions
Indefinitely Postponed
Financial Services second Amendment Offered
Financial Services first Amendment Offered
Read for the second time and placed on the calendar 2 amendments
Read for the first time and referred to the House of Representatives committee on Financial Services
Bill Text
Documents
Source: Alabama Legislature