HB541 Alabama 2017 Session
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Bill Summary
Sponsors
Session
Regular Session 2017
Title
Consumer credit transactions, creditors, provision of credit life, disability or involuntary unemployment as joint coverage, Sec. 5-19-20 am'd.
Description
<p class="bill_description"> Under existing law, in a consumer credit
transaction, a creditor may offer and a debtor has
the option to accept credit life and disability and
involuntary unemployment insurance for the term of
the credit transaction</p><p class="bill_description">
This bill would specify that in addition to
offering credit life and disability insurance and
involuntary unemployment insurance as single
coverage, a creditor may offer it as joint coverage
if credit is extended to more than one party in a
single transaction</p><p class="bill_entitled_an_act"> Relating to insurance; to amend Section 5-19-20 of
the Code of Alabama 1975, to provide further for the offering
of credit life and disability and involuntary unemployment
insurance as part of a consumer credit transaction.
</p>
Subjects
Consumer Credit
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 17, 2017 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
| May 16, 2017 | H | McCampbell filed a Conflict of Interst Declaration |
| May 16, 2017 | H | Motion to Read a Third Time and Pass adopted Roll Call 904 |
| May 16, 2017 | H | Ledbetter motion to Previous Question adopted Roll Call 903 |
| May 16, 2017 | H | Third Reading Passed |
| April 27, 2017 | H | Read for the second time and placed on the calendar |
| April 20, 2017 | H | Read for the first time and referred to the House of Representatives committee on Financial Services |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 26, 2017 | Room 428 at 09:00 | House FS Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB541 Alabama 2017 Session - Introduced |