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HB99 Alabama 2018 Session

Updated Apr 26, 2021
HB99 Alabama 2018 Session
House Bill
Expired
Current Status
Regular Session 2018
Session
1
Sponsor

Summary

Session
Regular Session 2018
Title
Motor vehicle, guaranteed asset protection waiver increase the fine for providing a refund, Sec. 8-37-6 am'd.
Description

Existing law provides that if a guaranteed asset protection waiver is canceled due to early termination of the finance agreement, the creditor, administrator, or other authorized party shall provide any refund due to a borrower within 60 days of termination without requiring the borrower to request cancellation of the waiver.

This bill would extend the refund period to 120 days.

Subjects
Motor Vehicles

Bill Text

Votes

Motion to Read a Third Time and Pass

February 22, 2018 House Failed
Yes 17
No 78
Abstained 4
Absent 3

Documents

Source: Alabama Legislature