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
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
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
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.
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 |